...Keywords: Vietnam, Government bonds, government-guaranteed bonds, local administration..., loans borrowed from the Government's foreign loans and the State budget. For an enterprise whic.... Issuance and payment currency . Government bonds, Government-guaranteed bonds an... be issued domestically in a freely convertible foreign currency. The currency used in the issuanc...
... placements, global depository receipts or foreign currency convertible bonds, according to a filing ...
... issue of five-year tenured unsecured foreign currency convertible bonds (FCCBs) carrying a coup...
...Treasury bills; . Treasury bonds; . Foreign currency bonds; and . Public bonds for national co... paid in Vietnamese Dong or in freely convertible foreign currencies. The currency used for payment ...
We present new evidence from a natural experiment to show circumstances in which ownership restrictions can enhance value. Our evidence is based on multiple restricted bond issues by an emerging market issuer at 150 basis points lower than comparable bonds, resulting in a billion dollars saving. This is intriguing: how can an emerging market issuer with junk bond ratings obtain such low yields? We argue ownership restrictions enhance value since they enable an issuer to precommit to renegotiate efficiently with a favored clientele in the potential default states, thereby circumventing deadweight costs of prolonged negotiations, particularly when the restricted clientele also values the underlying collateral higher than other investors. Ownership restrictions can also result in a transfe...
... may default if it does not have enough foreign exchange reserves, and it is plausible that they wwould pay in the local currency (Indian Rupees), which are not freely convertible ...
... placements, global depository receipts or foreign currency convertible bonds, according to a filing ...
... shares, preference shares, fully convertible or partly convertible bonds, American Depository R...With India's foreign currency reserves having grown significantly as market refo...
... execution in equity, high yield, convertible and international securities for institutional inv... Jefferies at number 4 among Issuers of Foreign Currency Convertible Bonds for Indian companies in...
...France also resumed its domestic currency's convertibility into gold but at an exchange rate... led banks to enlarge their purchases of bonds floated by private businesses to finance purchases... reserves could be held in the form of convertible currencies--the U.S. dollar, Britain's pound sterl... of reducing their holdings of convertible foreign currencies by using them to settle their internati...
... has become a leader in the issuance of foreign currency convertible bonds (FCCBs) and provides fo...
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