Posted on Leave a comment

Adjustment Bond

Bond issued in exchange for outstanding bonds when Recapitalizing a corporation that faces bankruptcy authorization for the exchange comes from the bondholders who consider adjustment bonds a lesser evil these bonds promise to pay interest only to the extent earned by the corporation this gives them one of the characteristics of income bonds which trade flat that is without accrued interest 

All In

underwriting shorthand for all included referring to an issuer’s interest…

Keep reading

Loading…

Something went wrong. Please refresh the page and/or try again.

Leave a Reply