6) The direct effect of bank quality on
bond issue cost is not significant, which indicates that this debt market does not react directly to variations in the quality of the bank issuing the letter of credit.
To this end, by focusing on the financial needs of the government's key projects, livelihood projects, the growth of small and micro enterprises, and other major areas of the real economy, ICBC has drawn on its market analysis expertise and advantages in multi-tier sales channels, and actively guided enterprises to issue bonds at favorable time windows, which effectively reduces the
bond issue costs for different types of enterprises.
These moves ``maximized the Measure V bond revenues,'' helped lower debt and
bond issue costs and held down the bond's property tax assessment in its first year, the report said.
0 million during the first quarter of fiscal 2007 in connection with this action, including call premium costs, write-off of
bond issue costs and costs associated with the termination of derivatives related to the senior secured notes.
