Last edited by Dougar
Wednesday, July 29, 2020 | History

5 edition of The high-yield debt market found in the catalog.

The high-yield debt market

investment performance and economic impact

  • 175 Want to read
  • 29 Currently reading

Published by Beard Books in Washington, D.C .
Written in English

    Places:
  • United States.
    • Subjects:
    • Junk bonds -- United States.

    • Edition Notes

      Statementedited by Edward I. Altman.
      ContributionsAltman, Edward I., 1941-, Salomon Brothers Center for the Study of Financial Institutions., Leonard N. Stern School of Business.
      Classifications
      LC ClassificationsHG4963 .H53 1998
      The Physical Object
      Paginationx, 306 p. :
      Number of Pages306
      ID Numbers
      Open LibraryOL383697M
      ISBN 101893122018
      LC Control Number98046201
      OCLC/WorldCa39951803

      High-yield debt is an important provider of financing for a broad range of corporate purposes. This note discusses the basic features of high-yield debt, some of its advantages and disadvantages, and the market in which it is primarily issued in the United States: the Rule A market. "Rajay Bagaria has written the first book that captures a diploma view of the high yield debt market. Whether or not or not you are an investor, funding banker, company lawyer, CFO or layperson merely attempting to obtain insights into the fundamentals of high yield debt, this book interprets financial and approved concepts, tendencies and.

      Issuers of high-yield debt, on the other hand, find that this money does not come without significant strings attached. As chapters 7 to 11 illustrate, high-yield covenants seek to regulate a wide range of issuer behaviour through the high-yield File Size: KB.   High Yield Debt by Rajay Bagaria, , available at Book Depository with free delivery worldwide. High Yield Debt: Rajay Bagaria: We use cookies to give you the best possible experience/5(9).

        Canadian market continues to be active. The Canadian high-yield debt market has continued to see increasing activity over the past year, with six publicly announced deals to date in , as equity markets in Canada remain weak and investors continually look for yield-related investment products.   The first comprehensive guide to the burgeoning, new high-yield debt or ''junk bond'' market. Edward Altman and Scott Nammacher, leading experts on debt financing and co-developers of the Zeta model for predicting business failure, offer sophisticated investors a complete analysis of the high-yield bond market, its anatomy, history, participants, risks and Brand: Beard Group, Inc.


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The high-yield debt market Download PDF EPUB FB2

PRAISE FOR HIGH YIELD DEBT "Rajay Bagaria has written the first book that captures a degree view of the high yield debt market. Whether you are an investor, investment banker, corporate lawyer, CFO or layperson simply trying to gain insights into the fundamentals of high yield debt, this book translates financial and legal concepts, trends and structures of high yield /5(8).

"High-Yield Debt - An Insider’s Guide to the Marketplace is a comprehensive book that provides an in-depth understanding of the history, growth, basics and details of high-debt and the high-yield market. The author gives insights that only an experienced professional can provide/5(8). The corporate bond market has been developing in line with the general trend of capital market, and equity market in particular.

Debt repackaging and subprime crisis. High-yield bonds can also be repackaged into collateralized debt obligations (CDO), thereby raising the credit rating of the senior tranches above the rating of the original debt.

A high yield bond – also known as a junk bond – is a debt security issued by companies or private equity concerns, where the debt has lower than investment grade ratings. It is a major component – along with leveraged loans – of the leveraged finance market.

High-Yield Bond: A high-yield bond is a high paying bond with a lower credit rating than investment-grade corporate bonds, Treasury bonds and municipal bonds. High-yield bonds are an essential piece of the overall U.S. corporate bond market, accounting for upwards of 10% of the total U.S.

corporate bond market. Take the Next Step to Invest Advertiser. "High-Yield Debt - An Insider’s Guide to the Marketplace is a comprehensive book that provides an in-depth understanding of the history, growth, basics and details of high-debt and the high-yield market. The author gives insights that only an.

LCD Quarterly Market Review – Q1 High-Yield and Leveraged Loans in the Age of Coronavirus. Listen in as thought leaders from S&P Global, LCD, and Lehmann, Livian, Fridson Advisors share analysis on the U.S.

economy, high-yield market trends, and rising distress and downgrades in leveraged finance. The yield to maturity (YTM), book yield or redemption yield of a bond or other fixed-interest security, such as gilts, is the (theoretical) internal rate of return (IRR, overall interest rate) earned by an investor who buys the bond today at the market price, assuming that the bond is held until maturity, and that all coupon and principal payments are made on schedule.

High Yield Debt: An Insider’s Guide to the Marketplace. Rajay Bagaria. While raising money for his credit hedge fund, Rajay Bagaria was surprised by the limited understanding of the high-yield debt market on the part of many institutional officials responsible for investment in.

What Are High-yield Corporate Bonds. debt agreement. Because high-yield bonds are typically issued by companies with higher risks of default, this risk Market interest rates have a major impact on bond investments.

The price of a bond moves in the opposite direction than market interest rates—like opposing ends of a seesaw. This File Size: KB. In "The High-Yield Debt Market: Investment Performance and Economic Impact," Edward Altman brings together investment bankers, congressmen, and scholars to debate the impact of and the prospects for the high-yield debt market.

The volume includes the opinions of Fred Joseph, Michael Jensen, Marshall Blume, and Congressman Edward J. Markey, as Pages: Examine the high yield market for a clear understanding of this evolving asset class High Yield Debt is the one-stop resource for wealth advisors seeking an in-depth understanding of this misunderstood asset class.

The high yield market provides a diverse opportunity set, including fixed and floating rate debt, high and low quality debt issues and both short- and long-term/5.

PRAISE FOR HIGH YIELD DEBT "Rajay Bagaria has written the first book that captures a degree view of the high yield debt market. Whether you are an investor, investment banker, corporate lawyer, CFO or layperson simply trying to gain insights into the fundamentals of high yield debt, this book translates financial and legal concepts, trends and structures of high yield.

"High-Yield Debt - An Insider’s Guide to the Marketplace is a comprehensive book that provides an in-depth understanding of the history, growth, basics and details of high-debt and the high-yield market. The author gives insights that only an Brand: Wiley. The US High-Yield Market Index is a US Dollar-denominated index which measures the performance of high-yield debt issued by corporations domiciled in the US or Canada.

Recognized as a broad measure of the North American high-yield market, the index includes cash-pay, deferred-interest securities, and debt. Examine the high yield market for a clear understanding of this evolving asset class. High Yield Debt is the one-stop resource for wealth advisors seeking an in-depth understanding of this misunderstood asset class.

The high yield market provides a diverse opportunity set, including fixed and floating rate debt, high and low quality debt issues and both short- and long-term. ISBN: OCLC Number: Description: xiv, pages: illustrations ; 24 cm.

Contents: Introducing the High Yield Debt Market --High Yield Debt--What Is It?--Why Is It Called Junk?--Why Has This Market Grown and Who's Involved?--Recent Issues and Regulations --Objectives and Recommendations --The Anatomy of the High Yield Debt.

As a basic introduction to the high-yield debt market in fewer than pages, the book can’t be beat. What the book is not is an academic-type textbook treatment.

For example, Levine notes that the modern high-yield market began with Michael Milken in the mids. The high yield market has since evolved, and today, much high yield debt is used for general corporate purposes, such as financing capital needs or consolidating and paying down bank lines of credit.

Mainly focused in the U.S. through the s and s, the high yield sector has since grown significantly around the globe in terms of issuance. "High-Yield Debt - An Insider’s Guide to the Marketplace is a comprehensive book that provides an in-depth understanding of the history, growth, basics and details of high-debt and the high-yield market.

The author gives insights that only an experienced professional can provide.High Yield Debt, written by Rajay Bagaria, an expert practitioner, is a succinct guide to today’s high yield market. The book starts with an entertaining history of the market, from the heady.Definition: A Debt Capital Market (DCM) is a market in which companies and governments raise funds through the trade of debt securities, including corporate bonds, government bonds, Credit Default Swaps etc.

Therefore, in the DCM Team, you advise companies, sovereigns, agencies, and supra-nationals that want to raise debt.