Sentences with phrase «corporate bonds act»

As one moves down the credit spectrum, the riskiest corporate bonds act like equities, largely because as a company nears default, the equity of the firm is worthless, and true control of the firm is found in some part of the debt structure.

Not exact matches

Undies boss tripled her pay, then sacked 1,850 workers In an act that could only be described as corporate bastardry, shameless executives at Bonds owner Pacific Brands awarded themselves pay rises of up to 170 per cent while they sacked nearly 2000 workers.

Short - term high grade corporates have become relatively more attractive lately due to a number of technical factors, chief among them a one - time shift out of short - maturity corporate bonds as companies bring home cash held outside of the United States as a result of the recent tax act.

Commercial banks are allowed to act as market makers for municipal bond, United States Treasury bonds and corporate bonds.

He has also acted in a number of cases involving restraint of draw down under letters of credit (e.g. Group Josi v Walbrook — successfully enforcing draw down of letters of credit in face of alleged fraud of underwriting agents); enforcement of performance bonds and corporate and governmental guarantee (Marubeni v Mongolia).

managing the tax - exempt bond and tax incentive needs of corporate and real estate clients and acting as company counsel to represent their interests in these transactions