bonds
RSS bondsColt bond buy back slashes debt
News Troubled broadband communications provider, Colt Telecom saw its shares rise yesterday after it bought back £115m of its own bonds. John Doherty, Colt's director of investor relations told the Financial Times: "The... [04 Sep 2001]
Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
White Paper We analyze the effects of money injections on interest rates and exchange rates when agents must pay a Baumol-Tobin style fixed cost to exchange bonds and money. Asset markets are endogenously segmented because this... [25 Feb 2004]
Is Inflation Too Low?
White Paper It is, surely, the extraordinary volatility of the financial markets and the wide quality spreads that opened up between riskier bonds and Treasury bonds following the Russian default in mid-August 1998. [25 Feb 2004]
Managerial Entrenchment and the Choice of Debt Financing
White Paper The model shows that when the firm's credit is low, management issues pubic bonds because of the value of gains from increased flexibility rather than reduced restrictions and monitoring. When the maturity of the private... [25 Feb 2004]
Intel is the bond villain as telco shares fall
News Shares in Hong Kong telco Pacific Century Cyberworks (PCCW) fell this morning after Intel acquired a 1.4 per cent stake in the company with the purchase of $100m of exchangeable bonds. Intel can exchange the... [14 Jan 2002]
UK cable companies get mauled on Nasdaq
News NTL owes £12.3bn, much of it in high-yield or junk bonds. NTL bonds were changing hands for as little as 45 per cent of face value yesterday, according to the Financial Times. NTL shares were hit so... [19 Jul 2001]
Liffe makes first closures
News The three pits, which all trade in the bonds markets, will be transferred to Liffe's existing electronic trading system, APT, in August. The majority of bonds are now automated. The London International... [03 Jul 1998]
Uncovering Country Risk in Emerging Market Bond Prices
White Paper In particular, we study the relationship between the secondary market spreads (over hard-currency government bond yields) of bonds issued by emerging market firms and bonds issued by their home... [25 Feb 2004]
In brief: C&WC shares continue to slide
News Shares in Cable and Wireless Communications (C&WC) continued to slide in early trading today as the market further absorbed Bell Atlantic's decision to convert its 18.5 per cent stake in the company into exchangeable bonds. [04 Aug 1998]
Tel Aviv makes technological trading leap
News Following on the tracks of Cbot (the Chicago Board of Trade), Deutsche Terminbourse and Liffe (the London Financial Futures and Option Exchange), the Tel Aviv Stock Exchange has announced it will launch its electronic trading system for... [22 Dec 1998]
Italy's largest ISP looms as Enel buys Infostrada
News Enel will pay E5.5bn (£3.3bn) in cash and the remaining 50 per cent in mortgage bonds. The bonds will be issued in two blocks, the first E2.5bn (£1.5bn) in one-year unlisted bonds and... [11 Oct 2000]
A Financial Analysis of H.R. 2329, The High-Speed Rail Investment Act of 2001
White Paper The bill would provide assistance to the National Railroad Passenger Corporation (known as Amtrak) by permitting Amtrak to sell $1.2 billion in bonds each year for the next 10 years. The federal government would pay the... [05 Jul 2005]
Level 3 to cut $8bn debt mountain
News The company will pay between 37 cents and 57 cents on the dollar to repurchase the debt, which includes both dollar and euro-denominated bonds and convertible securities. Analysts say the buy-back will induce a 3 to 5... [11 Sep 2001]
Bondi issues bond issue assurances at Olivetti
News His statement followed a sharp fall in both Olivetti and Pirelli shares after Olivetti announced on Tuesday it will ask permission from shareholders to issue up to seven billion shares and E10bn (£6.1bn) worth of bonds... [06 Sep 2001]
US company falls prey to 'Bloomberg' frauds
News Merrett, who is spearheading his organisation's support for silicon.com's Fighting Fraud campaign, was approached by the owner of the business after details of the fraud in fake bank bonds emerged on the web. [25 Apr 2001]
