Ground zero? - increased issuance of zero-coupon convertible bonds
Zero-coupons convertible bonds offer an easy way for companies to raise their much-needed capital. Originally devised by Merrill Lynch in 1985, the zero-coupon ...(keep on reading)
Who Needs Equity? - zero-coupon convertible bonds - Column
With new stock offerings going nowhere, capital-hungry issuers are turning instead to zero-coupon convertible bonds. AFTER FINANCING TWO MAJOR ACQUISITIONS ...(keep on reading)
The Limits on Zero-Coupon Bonds
Zero-coupon Treasury bonds have been on a tear, and returns of American Century-Benham Target funds bear this out. The Target 2025 fund, which owns zeros maturing that year, gained 23% in 1998 to D(keep on reading)
Survival and default of original issue high-yield bonds
We study the default behavior of original issue high-yield bonds to answer the open question of how the probability of default changes over time. We ...(keep on reading)
Tax departments should be prepared for audits of tax-exempt bonds
When asked why he robbed banks, Willie Sutton responded, "Because that's where the money is." A similar spirit has informed the early efforts of the ...(keep on reading)
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