The Case for Indexing a Bond's Call Price

This paper considers an indexed call provision as an alternative to the standard fixed-price call provision contained in most corporate debt. It is shown that the indexed call provision can be constructed so that it is neutral to bondholders and therefore costless to the corporation, except for tran...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Financial management 1987-10, Vol.16 (3), p.57-64
Hauptverfasser:	Emery, Douglas R., Hoffmeister, J. Ronald, Spahr, Ronald W.
Format:	Artikel
Sprache:	eng
Schlagworte:	Advantages Bonds Call options Callable securities Cash flow Corporate debt Corporate finance Corporations Cost analysis Costs Debt discounts Income taxes Indexing Investors Market prices Price indexation Tax benefits Taxable bonds
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!