First-Time International Bond Issuance-New Opportunities and Emerging Risks /

International bond issuance by debut issuers has risen in recent years. The uptick was a result of both demand and supply factors. The search for yield and demand for portfolio diversification have resulted in demand-driven easy financing conditions. At the same time, rising financing needs for many...

詳細記述

書誌詳細
第一著者: Guscina, Anastasia
その他の著者: Pedras, Guilherme, Presciuttini, Gabriel
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2014.
シリーズ:IMF Working Papers; Working Paper ; No. 2014/127
オンライン・アクセス:Full text available on IMF
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245 1 0 |a First-Time International Bond Issuance-New Opportunities and Emerging Risks /  |c Anastasia Guscina, Guilherme Pedras, Gabriel Presciuttini. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a International bond issuance by debut issuers has risen in recent years. The uptick was a result of both demand and supply factors. The search for yield and demand for portfolio diversification have resulted in demand-driven easy financing conditions. At the same time, rising financing needs for many debut issuers, coupled with reduced access to concessional financing, relatively undeveloped domestic markets, and a favorable interest rate environment have made international bonds an attractive financing alternative for many countries. As bonds issued in the international markets are typically denominated in hard currencies, have large volumes and a bullet structure, exposure to exchange rate and refinancing risk has increased. Therefore, risk-mitigating policy actions are needed to prepare for redemption, support debt sustainability, and secure adequate debt management capacity. 
538 |a Mode of access: Internet 
700 1 |a Pedras, Guilherme. 
700 1 |a Presciuttini, Gabriel. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/127 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/127/001.2014.issue-127-en.xml  |z IMF e-Library