Thinking of bonds as having sold a put option to the equity, why not look at the amount that the stocks of the companies issuing the bonds had fallen in price
since issuance of the bonds?
Not exact matches
Since the mid 2000s, the available internationally comparable data suggest that average annual
bond issuance by Australian corporations has been the equivalent
of just under 1 per cent
of GDP, with around two - thirds
of total
issuance taking place offshore, rather than in the domestic market (Graph 1).
Case studies
of sovereign green
bonds since Poland's
issuance in December 2016.
«We would like to see more asset - backed or corporate green
bonds,
since issuance has been limited, and we are interested buyers,» says Delmar King, fund manager at Praxis, the investment arm
of Everence Financial
of Indiana.
It has
since May 8 petitioned the SEC to investigate the transparency
of the
bond, its classification and a claim
of possible conflict
of interest in the
issuance of the said
bond which the government has touted as an achievement.
In 1900, the German «Mortgage Bank Act» came into effect, setting up the essential principles that govern much
of the covered
bond market today.5
Since then,
issuance of covered
bonds in Europe and other parts
of the world has grown significantly.
But the new tax law also prohibited a popular type
of muni refinancing, so many municipalities hurried to issue new
bonds before the changes went into effect in 2018 and have
since slowed down
issuance.
The effect
of this rule is that a taxpayer who purchases a tax - exempt
bond subsequent to its original
issuance at a price less than its stated redemption price at maturity (or, if issued with OID, at a price less than its accreted value), either because interest rates have risen or the obligor's credit has declined
since the
bond was issued, and who thereafter recognizes gain on the disposition
of such
bond will have part or all
of the «gain» treated as ordinary income.
This tracks the performance
of corporate
bonds that were rated as investment - grade at the time
of issuance but have
since been downgraded to non-investment grade.
The remaining USD 270 billion
of net new
issuance propelled the market value
of the S&P 500
Bond Index to over USD 4.5 trillion by the end
of 2017 — an increase
of 2.0 trillion
since 2011 (see Exhibit 1).
Linklaters has been advising on the Ministry
of Finance's
bond issuances since 2009.
Since opening, it has welcomed over 5,500 visitors — from Allen & Overy, clients and beyond — and played host to the successful
issuance of the world's first fully automated cryptocurrency - denominated
bond and the first structured product to be transacted and custodied, in each case using blockchain.
«tZERO has been at the forefront
of the blockchain revolution for years, working closely with regulators
since 2015 — launching the world's first SEC compliant ATS for blockchain assets, the first private blockchain
bond offering, and the first ever public
issuance of a blockchain security,» continued Dr. Byrne.
«U.S. real - estate developers are joining the largest wave
of local debt
issuance on the Tel Aviv Stock Exchange
bond trading platform
since 2007, capitalizing on yield - starved investors to obtain financing.»