The article reports on the sale of Brazilian corporate bonds to private and retail buyers. Bankers said that Banco Pine and Arantes both issued international bonds stressing the liquid demand for certain lower tier credits at the right price. Bookrunners were Credit Suisse and HSBC while Banif ...
compensate for the lower liquidityofcorporate bondsrelative to swaps; and (d) the mark-to-market risk premium that is required to compensate for the potential volatilityincorporate bondspreads (and hence market values) at the time of sale. ...
SEOUL, June 24 (Xinhua) -- South Korea's corporate bond sale logged a double-digit growth in May on expectations for higher borrowing cost, financial watchdog data showed Friday. The issuance of corporate bonds amounted to 18.67 trillion won (14.4 billion U.S. dollars) in May, up 12.4 pe...
For full details of the Bank's sale programme, please see the 18 August 2022 Market Notice. As the size of the portfolio and the number of individual bonds held has reduced materially, the Bank is making some operational changes to support the efficiency and effectiveness of its auctions. ...
Debts issued by financial companies advanced 19.5 percent to 11.2 trillion won (9.1 billion U.S. dollars), but bonds, sold by industrial companies, plunged 60.4 percent to 2.6 trillion won (2.1 billion U.S. dollars). Borrowing cost for industrial companies increased as the COVID-19 outbreak ...
Purchases of government bonds can affect other asset classes mostly via a “portfolio rebalancing” (e.g., Tobin, 1958, 1969) channel, i.e., investors use the proceeds from the sale of government bonds to buy other assets not directly purchased by the central bank. The portfolio rebalancing...
U.S. Treasury bonds are frequently used as a benchmark for other bond prices or yields. Any bond's price is best understood by also looking at its yield. As a measure of relative value, the yields of most bonds are quoted as ayield spreadto a comparable U.S. Treasury bond. ...
Buying bonds is just as easy as investing in the equity market. Primary market purchases may be made frombrokerage firms, banks, bondtraders, andbrokers, all of which take a commission for facilitating the sale. Bond prices are quoted as a percentage of the face value of the bond, based ...
Financial institutions raised a record $24 billion from the sale of bonds last year, while companies issued a total of $10 billion, the most since 2014, according to data compiled by Bloomberg. The biggest corporate deal came from a unit of state-owned Abu Dhabi National Oil Co,...
Chapter 1 explores the effect of equity volatility on corporate bond yields.{09}Panel data for the late 1990's show that idiosyncratic firm-level volatility can explain as much cross-sectional variation in yields as can credit ratings. This finding, together with the upward trend in idiosyncratic...