Debt Management

Callable Bonds: Better Value Than Advertised?

Journal of Applied Corporate Finance (Summer 2008)

Refunding Efficiency: A Generalized Approach

Applied Financial Economics Letters (Vol. 3, 2007)

This paper sets out an improved method for determining when it’s efficient to call and refinance a bond, by correctly accounting for the call option value of both the new bond and the outstanding bond.

A Framework for Corporate Treasury Performance Measurement

Journal of Applied Corporate Finance (Winter 2005)

The innovative method detailed in this paper allows for meaningful periodic reporting of a debt manager’s performance relative to a custom benchmark portfolio.

Syndicate content