First, financing for the project came through a combination of Low Income Housing Tax Credits and
bond issues which are exempt from taxes.
While the park district budget will be $ 38 million higher than in 1985, the tax burden will be reduced by a $ 29 million surplus carry - over from the present year and from $ 28 million in expenditures from
bond issues which will not affect the current tax levy.
For example, an investor can buy Province of Ontario «zero coupon» bonds for the same maturity date in three different forms: 1) a «coupon» which is a stripped coupon payment from an Ontario bond; 2) a «residual» which is the stripped principal payment from an Ontario bond; and 3) an actual zero - coupon Ontario Global
bond issue which was originally issued as a zero coupon «global» bond issue.
on the groundbreaking # 20 million
bond issue which has won the British Legal Awards «CSR Initiative of the Year»
Not exact matches
Under this hypothetical policy, governments transfer money directly to taxpayers to encourage spending, a handout funded by
issuing bonds with a coupon of zero and no maturity date,
which central banks buy.
Since 2007, Canada's largest banks have enthusiastically
issued something called covered
bonds,
which are backed by residential mortgages.
Serge Pepin, the head of BMO Investments, says people should consider corporate or high - yield
bonds — also known as junk
bonds —
which pay higher yields than federal
issues.
Earlier this year, countries on Europe's periphery (notably Italy and Spain) faced rising interest rates on newly
issued government
bonds,
which threatened to push them into insolvency.
Finance startup
Bond Street
issues loans to small businesses, many of
which have less - than - ideal credit, and it's hatched a plan to stand out in the crowded online lending sector.
Not only isn't there anywhere near enough bank capital in the US to supplant securitization, it is difficult to conceive that the universe of «rates» buyers will become mortgage credit buyers or move over to covered
bonds (
which default to the
issuing bank's credit ratings), at least not at the same price levels and in the same size.
For ratings
issued on a program, series or category / class of debt, this announcement provides relevant regulatory disclosures in relation to each rating of a subsequently
issued bond or note of the same series or category / class of debt or pursuant to a program for
which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices.
On Monday, the state planner
issued new rules for companies
which are planning to
issue bonds to put more pressure on debt - laden local governments to get their finances in order.
The other hot - button
issue, says Caldwell, is getting lawmakers and employers to understand the importance of family
bonding and attachment — something
which feeds into the aforementioned
issue.
[105] On January 8, 2008, to address ongoing structural budget
issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell
bonds secured by future tolls,
which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.
It is also a list of the maturity dates on
which individual
bonds issued as part of a new
issue municipal
bond offering will mature
The worry is that there is one dominant model of
bond investing, in
which giant mutual funds and exchange - traded funds buy and hold every newly
issued bond that comes along.
Second, the tax bill may do away with 2 specific types of municipal
bond issues: tax - exempt advance refundings,
which are tax - exempt
bonds issued to refinance existing municipal debt, and private activity
bonds,
which are
issued by non-government borrowers such as hospitals, airports, and private universities.
Against this backdrop, some investors are taking a look at convertible
bonds,
which are debt instruments
issued by a company that can be converted into stock of the same company.
Another way to facilitate green investments is for rich governments to buy down interest rates,
which makes it more attractive to
issue green
bonds.
Interest income generated by municipal
bonds is generally not subject to federal taxes, and may be tax - exempt at the state and local level as well, if the
bonds were
issued by the state in
which you live.
With funds managers holding about 15 - 20 per cent of assets in domestic
bonds, the change in the composition of household assets has translated into higher demand for
bonds — a demand
which is no longer being met by government
issues.
Citi, JPMorgan and Bank of America will later this year roll out an online platform that will streamline the way in
which companies
issue bonds and help investors to compare credits.
The fund is proportionately subject to the risks associated with its underlying funds,
which may invest in stocks (including stocks
issued by REITs),
bonds, cash, inflation - linked investments, commodity - linked investments, long / short market - neutral investments, and leveraged absolute return investments.
The payment cycle is not necessarily aligned to the calendar year; it begins on the «Dated Date,»
which is either on or soon after the
bond's
issue date, and ends on the
bond's maturity date, when the final coupon and return of principal payment are paid.
Sure, you can devalue those claims through inflation, but only if the debt is in the form of long - maturity
bonds (
which is why the recent discussion of
issuing 50 - 100 year Treasury
bonds seems understandable but also a bit nefarious).
ShareBuilder does not allow for directly investing in company or government
issued bonds, but you are able to invest in
bond funds,
which are mutual funds or ETFs investing in
bonds on the shareholder's behalf.
Smart
Bonds:
Bonds can be
issued with a certain value and repayment schedule,
which will be denominated in any form of currency or commodity — including bitcoin.
They decided to focus on selecting
bonds issued by the government of Puerto Rico and its public corporations,
which could include infrastructure
bonds backed by alcohol taxes and general obligation
bonds.
Lower taxes would likely lead to larger deficits,
which could require the Treasury to
issue more debt, increasing the supply of government
bonds on the market.
I think the
issue here is whether any amateur fund manager (
which I think is what we all are — including those financial advisers who create their own «homegrown» portfolios using trackers and
bond funds) can seriously manage a portfolio for income or for growth and control against downside risk (in equities or
bonds) as well as a good active management group like Invesco perpetual or M&G.
Treasury
bonds are
issued and backed by the federal government,
which makes them among the safest investments in the world.
For instance — why would Apple (or these other multinationals) repatriate any cash rather than
issue Aussie or Euro
bonds which have lower long term rates.
AXL also recently
issued $ 200MM its 2019
bonds,
which gives some indication that the company can get
bond investors to refinance existing debt as needed.
There, she was part of the team that represented Champion REIT's manager for the first convertible
bonds issue by a Hong Kong - listed REIT,
which won the «Debt Market Deal of the Year» award at the 2007 ALB Hong Kong Law Awards.
Morgan Stanley's first - ever green
bond issuance and the broader growth across the market reflect what has become fertile ground for green
bonds,
which are similar to other fixed income instruments except that the proceeds are directed toward specific projects that address environmental
issues.
While not
issued by the US Government, there is another type of
bond which is associated with Government agencies,
which you can learn more about in our article on agency
bonds.
For example, Acme Corp.
issues a 20 - year
bond with an
issue size of $ 10 million,
which provides it with cash it can use to build a new factory, open new store locations or otherwise promote growth or fund its ongoing operations.
They make their money through net interest income,
which is the difference between what they receive in interest from loans they
issue versus what they pay out on deposits,
bonds, and other forms of borrowing.
Particularly good to see someone explain that the impact on
bond funds is not the simplistic «1 % rise in bank rates means loss of duration %» but depends on the interest demanded at that point in the curve and normal supply / demand
issues which are massively distorted for linkers.
While strong fundamental factors are driving recent growth in the non-government
bond market, some commentators have ascribed the timing of some
issues to borrowers «getting in» ahead of Y2K, behaviour
which would also have contributed to rising spreads.
There are web sites
which help with pricing IL
bonds however the Saturday FT has the calculated real returns for selected
issues, though you have to look quite hard to find it.
S&P ratings agency
issued a statement reaffirming US Treasury
bond AAA credit rating, but they
issued a negative outlook
which means there's a 1 in 3 chance of lowering the debt rating in the next 2 years.
The two most relevant regulations were: 1) the prohibition on interstate banking,
which created overly small and undiversified banks that were highly prone to failure; and 2) the requirement that federally chartered banks back their currency with purchases of US government
bonds,
which made it prohibitively expensive to
issue more currency when the demand rose, leading to the currency shortages and resulting panics that culminated in the Panic of 1907.
Companies with excellent to low credit ratings
issue investment - grade corporate
bonds,
which have lower interest rates because of the safety of the investment.
Harbor might work, for example, with a company that owns and operates commercial properties and that regularly
issues real estate securities like
bonds or stock in a building, but
which also needs to deal with complex legal stuff, like tax withholdings and minimum investor requirements.
These securities are comprised of U.S. dollar corporate
bonds, U.S. dollar Yankee
bonds,
which are Canadian corporate
bonds issued in U.S. dollars, and FDIC - insured CDs.
However it could also mean that one company has just
issued a new
bond and wants to exchange that for earlier series of their own stock,
which remains outstanding.
The Barclays U.S. Credit Index is the credit component of the Barclays Capital U.S. Aggregate
Bond Index, which is a broad - based bond index comprised of government, corporate, mortgage and asset - backed issues, rated investment grade or higher, and having at least one year to matur
Bond Index,
which is a broad - based
bond index comprised of government, corporate, mortgage and asset - backed issues, rated investment grade or higher, and having at least one year to matur
bond index comprised of government, corporate, mortgage and asset - backed
issues, rated investment grade or higher, and having at least one year to maturity.
The European Central Bank, in addition to buying member country sovereign -
issued debt is now buying corporate
bonds, some of
which are non-investment grade.
This rise partly reversed earlier declines,
which had reflected a number of factors: the expected negative impact of the Asian situation on the local economy, associated concerns about the possibility of global deflation, and the projected fall in the stock of
bonds on
issue reflecting the expected run of Budget surpluses and the proposed sale of the remainder of Telstra.