At any given interest rate and coupon rate, the price of the inverse survivor bond is always lower than that of its straight bond
Data on the straight bond
issue of a Singapore developer C Issue Issue Estimated Bond Rate of year (1) amount (1) loan cost coupon S'pore (S$ mil) at issue rate (1) gov't bond (SIBOR at issue (2) + all-in spread) 2005 325 2.
The dependent variable is a dummy variable equal to one for a callable bond and zero for a straight bond
0103 Face value of straight bond
10,000,000 10,000,000 Face value of mortality bond 10,000,000 1,000,000 Coupon rate of straight bond
The company set up a shelf registration for the issue of straight bonds
(including the above) with the maximum possible principal amount of 500 billion yen within a period of two years as from December 29, 2001.
Sony to issue 1st straight bonds
for retail investors in June
The bonds typically allow companies to raise debt more cheaply than issuing straight bonds
because investors are willing to accept lower coupons for the option to convert.
Global Banking News-January 11, 2013--Standard and Poor's rates straight bonds
from Sumitomo Mitsui(C)2013 ENPublishing - http://www.
Toyota Motor Corporation (Toyota) (NYSE: TMC) (LSE: TYT) (TYO: 7203), a Japan-based automaker, is issuing JPY100bn in straight bonds
, according to the Nikkei business daily.
said Tuesday it will float 70 billion yen in 7-year straight bonds
with a coupon of 1% per annum.
It will also issue unsecured straight bonds
worth up to 300 billion yen as early as this month in a bid to procure money for future operations.
The straight bonds
will be issued with a coupon of 0.