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Zusatztext Debt Management should be on the bookshelf of all chief financial officers and corporate treasurers. Finnery and Emery clearly explain how to design an optimal debt instrument to minimize funding costs and how to deal with the refunding decision after issuance. Informationen zum Autor John D. Finnerty is a Partner at PricewaterhouseCoopers in New York City and a Professor of Finance at Fordham University. Douglas R. Emery is the Finance Department Chair and Bank of America Scholar at the University of Miami in Florida. Klappentext When companies need fuel to grow, bonds may be the way togo. Traditional blue-chip firms and dot-com startups alikecan use debt strategically as a key financial instrument.The critical challenge, however, is integrating corporatedebt into core business strategies and established financialpolicies. This practical book provides practitioners inevery industry with a comprehensive, prudent approach tomanaging corporate debt obligations. Written by leadingexperts in the field and drawing from case studies of realcompanies, Debt Management walks financial professionalthrough the entire decision-making process--from designingdebt issues to retiring debt through bond redemptions andbond repurchases, all to meet corporate financialobjectives. Unique in its presentation of the issuer'sperspective--that is, it looks at debt from the company'sviewpoint, and not just the buyer's or underwriter's--thiswork will be the industry reference on debt managementand the corporate financier's desktop consultant for yearsto come. With insights into how factors such as bondvaluation methodologies, derivatives, and tax and regulatoryrestrictions affect the process, the authors providepractitioners in both the U.S. and international debtmarkets with the information and tools needed to make smartdebt-management decisions. With first-rate thinking infinance, while keeping the complex mathematics to a minimum,this volume will prove as handy as it is indispensable--theessential reference for planning, implementing, and managingcorporate debt with discretion and confidence. Zusammenfassung This is a guide to managing corporate debt, helping practitioners in the US and international debt markets to make confident debt-management decisions. It looks at the two stage of debt management, covers how to design debt issues, bond redemptions, bond valuation methodologies and derivatives. Inhaltsverzeichnis 1: Overview of Debt Management 2: Commercial Debt Financing 3: Debt Capital Markets 4: High-Yield Debt 5: New Issue Design 6: Institutional Considerations 7: Fixed-Income Derivatives 8: Debt Innovations 9: Valuing Bonds and Bank Loans 10: Bond Refunding: Measuring the Net Advantage 11: Bond Refunding: The Timing Decision 12: Sinking-Fund Management 13: Other Types of Bond Refundings 14: Preferred Stock and Preference Stock 15: Convertible Securities 16: The Future of Debt Management ...
