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DEBT FINANCE FROM THE FINANCIAL MARKETS

IntroductionBondsSyndicated loansCredit ratingMezzanine debt and high-yield (junk) bondsConvertible bondsValuing bondsInternational sources of debt financeMedium-term notes (MTNs)Commercial paperProject financeSale and leasebackSecuritizationConclusionWebsitesNotes

Introduction

The concept of borrowing money to invest in real assets within a business is a straightforward one, yet in the sophisticated capital markets of today with their wide variety of financial instruments and forms of debt, the borrowing decision can be bewildering. Should the firm tap the domestic bond market or the Eurobond market? And what about syndicated lending, mezzanine finance and high-yield bonds? The variety of methods ...

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