Ch012 International Bond Market

《Ch012 International Bond Market》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Eun&Resnick4eCHAPTER12InternationalBondMarketTheWorld’sBondMarkets:AStatisticalPerspectiveForeignBondsandEurobondsBearerBondsandRegisteredBondsNationalSecurityRegulationsWithholdingTaxesOtherRecentRegulatoryChangesGlobalBondsTypesofInstrumentsStraightFixed-RateIssuesEuro-Medium-Te

2、rmNotesFloating-RateNotesEquity-RelatedBondsZero-CouponBondsDual-CurrencyBondsCurrencyDistribution,Nationality,andTypeofIssuerInternationalBondMarketCreditRatingsInternationalFinanceinPractice:HeinekenRefreshesEuromarketwithSpectacularUnratedBondsEurobondMarketStructureandPractice

3、sPrimaryMarketSecondaryMarketClearingProceduresInternationalBondMarketIndexesSummaryMINICASE:SaraLeeCorporation’sEurobondsTheWorld’sBondMarkets:AStatisticalPerspective1Inanygivenyear,whatpercentofnewinternationalbondsarelikelytobeEurobondsratherthanforeignbondsa)80%b)45%c)25%d)15%

4、Answer:a)ForeignBondsandEurobonds2A“foreignbond”issueisa)onedenominatedinaparticularcurrencybutsoldtoinvestorsinnationalcapitalmarketsotherthanthecountrythatissuedthedenominatingcurrencyb)oneofferedbyaforeignborrowertoinvestorsinanationalmarketanddenominatedinthatnation’scurrencyc

5、)forexample,aGermanMNCissuingdollar-denominatedbondstoU.S.investorsd)b)andc)Answer:d)154Eun/Resnick4eA“Eurobond”issueisa)onedenominatedinaparticularcurrencybutsoldtoinvestorsinnationalcapitalmarketsotherthanthecountrythatissuedthedenominatingcurrencyb)usuallyabearerbondc)forexampl

6、eaDutchborrowerissuingdollar-denominatedbondstoinvestorsintheU.K.,Switzerland,andtheNetherlandsd)AlloftheaboveAnswer:d)2Inanygivenyear,rightly80percentofnewinternationalbondsarelikelytobea)Eurobondsb)Foreigncurrencybondsc)Domesticbondsd)NoneoftheaboveAnswer:a)3“Yankee”bondsarea)do

7、llar-denominatedforeignbondsoriginallysoldtoU.S.investorsb)yen-denominatedforeignbondsoriginallysoldinJapanc)poundsterling-denominatedforeignbondsoriginallysoldintheU.K.d)noneoftheabove.Answer:a)4“Samurai”bondsarea)dollar-denominatedforeignbondsoriginallysoldtoU.S.investorsb)yen-d

8、enominatedforeignbondsoriginallys