Schmidt / Tay A Guide to Asian High Yield Bonds

Financing Growth Enterprises, + Website
2. Auflage 2013
ISBN: 978-1-118-50203-7
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 480 Seiten, E-Book

Reihe: Wiley Finance Editions

An up-to-date, comprehensive analysis of the high-yield bondmarket in Asia
Beginning with a general definition of high-yield bond productsand where they reside within the corporate capital structure, thisnewly updated guide looks at the development of high-yield bonds inthe United States and Europe before analysing this sector in Asia.It covers issuer countries and industries, ratings, and sizedistributions, and also covers the diversification of thehigh-yield issuer universe. It includes a thorough technicalanalysis of high-yield bond structures commonly employed in Asiantransactions, including discussion of the respective covenants andsecurity packages that vary widely across the region. Chapters andsections new to this edition cover such subjects as high-yield bondrestructuring, the new high-yield "Dim Sum" market, and thehigh-yield placement market shutdown of 2008 - 2009. Finally,the book looks at the new characteristics of Asian economies forindicators on how the high-yield market will develop there are thenear future.
* Offers an extremely detailed analysis of Asia's high-yield bondmarket
* Features new and updated material, including new coverage ofthe key differences between Asian structures and United Statesstructures
* Ideal for CFOs of companies contemplating high-yield issuance,as well as investment bankers, bank credit analysts, portfoliomanagers, and institutional investors

Autoren/Hrsg.

Schmidt, Florian H. A.

Tay, Sharon

Über Autor(innen)

FLORIAN H. A. SCHMIDT is Managing Director and Head ofDebt Capital Markets, Asia, with ING Wholesale Banking, based inSingapore. He has been professionally involved in Asia's debtcapital markets for more than twenty years. During that period, hehas originated and executed a large number of bond issues acrossAsia, including several landmark high yield bond offerings. Amongthese was the Mongolian Mining Corp.'s U.S.$600MM benchmark, thelargest ever private sector bond from Mongolia and the first 144aissue from the country (named "Best High Yield Bond 2012" byAsiamoney); Access' US$420MM senior notes, due 2018 "JapanDeal of the Year and Most Innovative Deal 2011" byFinanceAsia; Indika Inti Energi's debut US$250MM seniornotes due 2012, (named "Best High Yield Bond 2007" by FinanceAsia);and China Oriental's inaugural US$550MM senior notes, due 2017. Mr.Schmidt was also involved in some prominent Asian high yield bondrestructurings, including Davomas and Titan Petrochemicals.