Citizens from the respective countries will buy the new bonds and all three parties can benefit from the discounted bond
price: the stretched government, the EFSF and the local citizen.
Argentina has offered creditors an option to receive bonds equivalent to value of debt or discounted bonds
ANKARA, Jun 23, 2009 (TUR) -- Turkish Treasury held two auctions on Tuesday to sell 20-month discounted bonds
denominated in Turkish lira and 4-year state bonds with fixed coupon payments.
The company estimates that its yield to maturity on these discounted bonds
will approximate 15%.
ANKARA, Jul 14, 2009 (TUR) -- Turkish Treasury held two auctions on Tuesday to sell 22-month discounted bonds
denominated in Turkish lira and 5-year state bonds.
These now-heavily discounted bonds
are owned by a variety of banks, hedge funds, and other institutional investors.
Capital appreciation from bond funds and discounted bonds
may be subject to state or local taxes.
On Monday, the Treasury will hold an auction to sell 12-month discounted bonds denominated in Turkish lira.
The Treasury will sell 21-month discounted bonds denominated in Turkish lira, 5-year bonds with variable coupon payments and 5-year bonds with fixed coupon payments in three seperate auctions on Tuesday.
Often, the debt instruments are deeply discounted bonds
According to a Schaedler Insurance representative, "The demand for discounted bonds
for contractors with poor credit has been overwhelming.