The EUR 500 million non-rated bond
matures in 2019 and has a coupon of 2.
Since the majority of non-rated bonds
are small issuers, a non-rated bond
may represent an inability to pay for a bond rating rather than an inability to qualify for one," Marrone said.
Lanford: So, when you've got a non-rated bond
the individual customer should look for coverage or what collateral is behind that particular debt relative to the safety of that instrument.
The financing structure included $176,395,000 of non-rated tax-exempt bonds - the largest non-rated bond
issue ever for a CCRC development.
The non-rated bond
that provides support for the A and M bond has not received principal since the first distribution date and, at 23.
The Greencoast team of bankers has many years of multi-disciplinary experience in the field of public finance, including financings that range from AAA rated general obligation bonds to highly structured non-rated bonds
On a selective basis we have found value in a few non-rated bonds
with high tax-free yields and have increased the fund's exposure to 5% in this sector of the market.
Both the District's insured and non-rated bonds
were well received by investors," added Jim Cervantes, a Managing Director at Stone & Youngberg, the financing's underwriter.
During his investment banking career, Braun has financed several billion dollars in health care related projects that include both fixed and variable rate, rated (both corporate credit and asset-backed), credit enhanced utilizing international and domestic bank Letters of Credit, bond insurance and FHA, and non-rated bonds