Skip to Main Content
A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt
book

A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt

by Robert S. Kricheff
February 2012
Intermediate to advanced content levelIntermediate to advanced
288 pages
5h 25m
English
Pearson
Content preview from A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt

13. Structural Issues: Coupons

What’s in this chapter:

• The structure of coupons on loans

• The structure of coupons on bonds

• Other nontraditional coupon structures

• What factors go into determining a coupon

Leveraged finance debt instruments have several types of coupon structures. This chapter describes the most common. Most of them have been at least briefly discussed in earlier chapters. However, keep in mind that periodically some unusual coupon structures appear that do not fall into any of these categories. The chapter begins by describing typical cash pay structures for bank debt and bonds and then goes into various types of deferred-pay structures. The chapter ends with a brief look at how coupons are usually determined.

Loan Coupons ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Counterparty Credit Risk and Credit Value Adjustment: A Continuing Challenge for Global Financial Markets, 2nd Edition

Counterparty Credit Risk and Credit Value Adjustment: A Continuing Challenge for Global Financial Markets, 2nd Edition

Jon Gregory

Publisher Resources

ISBN: 9780132855266Purchase book