Download A Guide to Asian High Yield Bonds : Financing Growth by Florian H. A. Schmidt, Sharon Tay PDF

By Florian H. A. Schmidt, Sharon Tay

An updated, finished research of the high-yield bond marketplace in Asia starting with a normal definition of high-yield bond items and the place they live in the company capital constitution, this newly up to date advisor seems to be on the improvement of high-yield bonds within the usa and Europe prior to analysing this zone in Asia. It covers supplier international locations and industries, scores, and dimension distributions, Read more...

Show description

Read Online or Download A Guide to Asian High Yield Bonds : Financing Growth Enterprises, + Website PDF

Similar international business books

Advances In Global Leadership

As agencies and management turn into extra international, there are urgent wishes for greater built conceptual versions and definitions of what's intended through international management. extra, there's a have to combine types and empirical proof from a number of cultures and from non-Western authors. This sequence can be of worth to: teachers doing examine and instructing on topics with regards to management, foreign enterprise, organizational habit, and overseas administration; practitioners and experts who're dealing with worldwide management improvement strategies; and to contributors engaged in international management.

European Economic Integration as a Challenge to Industry and Government: Contemporary and Historical Perspectives on International Economic Dynamics

Particular presentation of a few of these stylized evidence within the type of a quick, chronologically based narrative. according to the wide scope of this quantity we start through going again no less than 2 hundred years, to the expansion of an built-in nationwide capital industry in England within the 18th century (see Neal Chapter).

China's Economic Zones: Design, Implementation and Impact

The institution of exact monetary Zones (SEZs) marked a tremendous milestone in China's sluggish market-oriented reform procedure, and the developmental fluctuations of those zones deals an in-depth realizing of the complexities and problems of reform. additionally they supply serious perception into China's 30 years of financial and social transformation.

Sport Business in the Global Marketplace

Recreation has develop into giant company. This e-book takes an international examine the enterprise of game focusing upon the constitution of the game undefined, commercialisation of recreation, game advertising, franchising, tv and different rights and the increase of the worldwide tremendous athletes and groups. this can be located in an international political and financial context and within the framework of world uncertainties and eventualities.

Additional resources for A Guide to Asian High Yield Bonds : Financing Growth Enterprises, + Website

Sample text

3. Financial Times Global 500, as of September 28, 2012. Dominic Wilson and Roopa Purushothaman, “Dreaming with BRICS: The Path to 2050,” Global Economics Paper No. 99, Goldman Sachs, October 1, 2003. org/wiki/List_of_ countries_by_foreign-exchange_reserves, citing IMF sources. “China’s Reserve Riddle,” Financial Times, October 20, 2006. Public debt, International Monetary Fund, April 2012 World Economic Database. Source of issuance levels: Bloomberg; source of CAGR calculations: author’s own. Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer, “Corporate Ownership around the World,” Journal of Finance 54, no.

This view is supported by an analysis of the most notable differences between the first generation of Asian high yield transactions and those of today. One of these is the much broader buy-side participation in today’s issues. S. investment managers. S. investment managers) was based on the other side of the world, perhaps lacking an in-depth understanding of the intricacies of Asian and Indonesian credit as well as risks and rewards. After the Asian Crisis, as capital once again built up in Asia, the buy-side pool changed dramatically: a large number of new hedge funds and asset management companies set up shop in the region, while banks started to look down the credit curve in search of better returns for their proprietary trading desks or investment books.

31 As the degree of asymmetric information decreases, the scale of safety becomes less important, and the debt choice will be determined by other factors, such as transaction costs and the flexibility of covenants. Asian borrowers’ often particularly strong desire to stay private (and/or unrated) and the real or perceived information asymmetry associated with this desire should be viewed as one of the more important factors, next to funding costs, which have given loan financing a competitive edge in the past in Asia.

Download PDF sample

Rated 4.31 of 5 – based on 27 votes

Categories: International Business