The EUR 500 million non-rated bond
matures in 2019 and has a coupon of 2.
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.
Risky assets, including stocks, property, and non-investment-grade and non-rated bonds
, represented about 69% of adjusted equity, generally in line with Fitch's median ratio for an 'AA' IFS Rating.
A partially offsetting rating factor is the increased investment risk derived from higher exposure to non-rated bonds
Consequently, bond insurers limit the amount of lower-rated or non-rated bonds
they will underwrite.
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
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