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Your search keyword '"CORPORATE bonds"' showing total 4 results
4 results on '"CORPORATE bonds"'

1. An Integrated Matching-Immunization Model for Bond Portfolio Optimization.

Author

Xidonas, P., Hassapis, C., Bouzianis, G., and Staikouras, C.

Subjects
CORPORATE bonds, BONDS (Finance), INVESTMENTS, MATHEMATICAL programming
Abstract

We propose an integrated bond portfolio optimization model based on the popular cash-flow matching and immunization strategies. The underlying mathematical program, not only minimizes the initial required capital for the creation of the least cost bond portfolio, satisfying the connected series of liabilities, but also handles the uncertainty of parallel and symmetric shifts on the term structure of short rates. Moreover, a complete investment policy statement regarding the bond portfolio’s structure, the level of diversification, the amount of transaction costs and the lot sizes, is precisely formulated. We verify the validity of the proposed approach through an illustrative empirical testing application, using a well-diversified investment universe of US and European corporate bonds, as well as international sovereign bonds. The qualitative and technical conclusions we report, document the model’s effectiveness and usability. [ABSTRACT FROM AUTHOR]

Published
2018
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2. RIDE THE INVERTED YIELD CURVE.

Author

LEHMANN, RICHARD

Subjects
PORTFOLIO management (Investments), BANKING policy, CORPORATE bonds, PREFERRED stocks
Abstract

The article presents portfolio management advice for investors. U.S. and European Union bank policies are criticized, yield curves for bonds of various terms are scrutinized, and information is offered on preferred stocks from companies including Telephone & Data Systems, Bank of America, and Preferred Plus Trust CZN-1 from the Merrill Lynch company.

Published
2016

3. Vision and reality.

Subjects
*CAPITAL market, *ENTREPRENEURSHIP, *VENTURE capital, *CORPORATE bonds, *BANKING industry, *BANK loans, *GLOBAL Financial Crisis, 2008-2009
Abstract

The article focuses on difficulties with creating of American-style capital markets and entrepreneurship in Europe. It talks about startup companies in several European Union cities and money raised by European venture-capital funds and compares it to their American counterparts. It mentions that the American corporate-bond market is three times larger than Europe's and comments that European companies rely heavily on banks which have curbed lending since the global financial crisis.

Published
2015

4. EC rebuffs CRD IV delay, says rules aid Europe.

Subjects
CORPORATE bonds, CAPITAL requirements, BANK capital, BOND prices, FINANCIAL services industry, BASEL III (2010), BANKING industry
Abstract

The article reports that Tinkoff Credit Systems has launched a 125 million U.S. dollar 14 percent 5.5 year deal in November 2012. The deal is considered the highest yielding note of the year from the Central Eastern Europe Middle East & Africa (CEEMEA) region. The deal, which was priced at par, was arranged by Goldman Sachs and JP Morgan.

Published
2012

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