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How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …
Persistent link: https://www.econbiz.de/10012892132
This paper aims at providing an assessment of green bonds from the perspective of sovereign issuers. After a brief depiction of green bonds’ features, we describe the market evolution, present the EU regulatory framework and identify the main benefits and costs for sovereign issuers. We focus...
Persistent link: https://www.econbiz.de/10013225993
expansion of sukuk issuances and the fills the lacuna in research carried out in the UAE bond market.We empirically tested our … hypotheses on a dataset that covered a sample of 1354 bond issuances over the period 2008 to 2019. We used a logistic regression … to distinguish between the issuance of sukuk versus conventional bond. Sukuk structuration leads to information asymmetry …
Persistent link: https://www.econbiz.de/10013226648
Green bonds are about a decade old financial instrument with cash flows earmarked to improve the environment or combat climate change. We show the spectacular growth of the asset class over time, but note that it is currently still less than 1% of the entire fixed income market. The composition...
Persistent link: https://www.econbiz.de/10013235725
authorities in achieving a better understanding of the current situation of the green bond market in global terms …
Persistent link: https://www.econbiz.de/10013244009
This paper provides a comparative analysis of project finance (PF) and traditional corporate finance (CF) bond pricing …: PF bonds have higher spreads than similarly rated CF bonds, and bond prices reflect information beyond credit ratings … comparable CF bond deals …
Persistent link: https://www.econbiz.de/10013491968
scenarios where bonds are used as collateral, this paper discusses the impact of using bonds as collateral on the bond market by … a combination of theory and practice. The author believes that bond collateral facilitates risk mitigation and … revitalize outstanding bonds, thus giving a boost to the bond market. However, unleashing its positive role requires a …
Persistent link: https://www.econbiz.de/10013492315
Persistent link: https://www.econbiz.de/10013554962
Persistent link: https://www.econbiz.de/10013138160
demonstrates how variation in bond prices is related to variation in repo rates on collateralized loans against bonds. I …
Persistent link: https://www.econbiz.de/10013120483