9 billion, representing applications from 86 investors with annual coupon rates
ranging from 8.
BK), Thailand's second biggest lender, has fixed coupon rates
for a 10-year subordinated debenture, which will be issued by mid-February, reports Reuters.
The first coupon rate
is determined at a tender held by the Moscow Interbank Currency Exchange (MICEX), the coupon rates
from two to eight will be equal to the first coupon rate
, while the remaining coupon rates
will be determined by the issuer.
will be reset twice a year thereafter, based on auction results of regular 10-year government bonds, and interest payments will also be made twice a year, the ministry said in a statement.
With the repayment of the debt from many mergers hinging on subsequent sales of assets, acquirers turned to new sources of temporary financing from commercial and investment banks and made innovative use of bonds with deferred interest payments and variable coupon rates
The maturities of the $900 million Senior Notes range from 7 to 15 years and carry final coupon rates
BK), Thailand's third-largest lender, has fixed coupon rates
for its THB20bn (USD631m) of 10-year subordinated debentures scheduled to be issued this month, reports Reuters.
The new coupon rates
on the Senior Notes due 2007 will be 6.
consumer ABS transactions, including credit card receivables, student and home equity loans, are exposed to basis risk due to mismatches between the asset and liability coupon rates
consumer ABS transactions, including credit card receivables, student loans, and home equities, are exposed to basis risk due to mismatches between the asset and liability coupon rates
,' said Mezzanotte.
While the new methodology is applicable to a variety of securitization structures, CDO and subprime RMBS are notable because of the risk that arises from mismatches between asset and liability coupon rates
Finally, you will be guided through finding the basic building blocks for bond pricing called zero coupon rates
and try out one such process called bootstrapping.