Bond Buybacks and Exchanges : Background Note

Autor:	World Bank Group
Jazyk:	angličtina
Rok vydání:	2015
Předmět:	BORROWING COST INVESTMENT GOVERNMENT SECURITIES MARKETS NATIONAL TREASURY BANKING SYSTEM INVENTORY BUDGET GROSS DOMESTIC PRODUCT AMOUNT OF CAPITAL FUNGIBLE SECURITIES SECURITIES MARKET GOVERNMENT DEBT BOND YIELDS COUPON BONDS LEVEL OF INTEREST RATES DISCOUNT REVERSE AUCTIONS MATURITIES DOMESTIC MARKET BUYBACK BOND ISSUES LENDING MARKET PRACTICES INSTRUMENT LACK OF TRANSPARENCY BOND PORTFOLIO MATURITY DATE MARKET MAKERS MATURITY DATES BENCHMARK MATURITY MARKET STABILITY DEBT MARKET INVESTORS GOVERNMENT BONDS COLLATERAL DEBT MATURITY COUPONS BONDS MARK-TO-MARKET MARKET LIQUIDITY TRANSACTIONS OLD BOND GOVERNMENT SECURITIES MARKET DEBT MANAGEMENT AGENCY DIRTY PRICE MATURE MARKETS SETTLEMENT RISK MANAGEMENT INTERESTS TRANSPARENCY REPO EMERGING MARKETS SECONDARY MARKETS EXCHANGES UNIFORM-PRICE HOLDING CALL OPTION MARKETS PRIMARY DEALERS AUCTION FINANCE BID HEDGE CAPITAL GAINS FORWARD RATE UNIFORM PRICE AUCTIONS SWAPS LIABILITIES DEBT SERVICING COST OUTSTANDING AMOUNT SETTLEMENT DATE BUDGET SURPLUS T-BILLS LIQUIDITY BORROWING PLAN INSTRUMENTS INTEREST RATES PRIMARY DEALER SYSTEMS DIRTY PRICES PUBLIC DEBT INTEREST RATE RISK DEBT BOND AUCTIONS PUBLIC DEBT MANAGERS BOND AUCTION MARKET BOND MARKETS INVESTOR BASE REVERSE AUCTION FUNGIBLE AUCTIONS BUDGET DEFICIT PRIMARY DEALER RETURN CLEAN PRICE COUPON CAPITAL LOSS LIQUIDITY RISKS FINANCING REQUIREMENTS DOMESTIC DEBT REPO MARKET MARKET PRICES CURRENCIES BOND INDEX PRICE TRANSPARENCY DEBT OUTSTANDING MARKET MAKER ILLIQUID MARKET PORTFOLIO OLD BONDS INVESTMENT POLICY EXCHANGE ACCOUNTING PORTFOLIOS BOND PRICE INTEREST RATE SWAPS SECURITY MARKET PARTICIPANTS INCOME SECURITY MARKET DEVELOPMENT DEBT MARKET DEVELOPMENT UNIFORM PRICE ARBITRAGE PRICE DISCOVERY CAPITAL MARKETS SECURITIES MARKETS SECONDARY MARKET LIABILITY GOOD BENCHMARK BONDS BORROWING REQUIREMENTS CURRENCY HOLDINGS BENCHMARK BOND BOND INVESTMENT STRATEGY GOVERNMENT SECURITIES GOVERNMENT BOND TREASURY MARKET CONDITIONS HOLDERS OF BONDS MARKET PRICE OUTSTANDING DEBT INTEREST RATE RISKS GLOBAL FINANCE OPTION MARKET DISTORTIONS RISK MANAGEMENT TOOLS REINVESTMENT DEBT MANAGEMENT BOND ISSUANCE MATURITY SECURITIES MARKET INTEREST RATE MARKET INFORMATION FUTURE REPO MARKETS ComputerApplications_MISCELLANEOUS PUBLIC DEBT MANAGEMENT DEBT SERVICING MARKET PRACTICE BUY BACK PRICE MOVEMENTS LIABILITY MANAGEMENT MARKET RISK ISSUANCE INVESTOR GOVERNMENT BOND MARKETS INTEREST TRADING BUY BACKS CASH FLOWS BIDS LIQUID BENCHMARKS CAPACITY BUILDING DEFICIT INTEREST RATE LOCAL CURRENCY CASH PAYMENT YIELD CURVE CONVERSIONS TRANSACTION BUYBACKS
Popis:	This background note focuses on the use of bond buybacks and bond exchanges in the domestic government securities market. The objective is to provide an overview of their functions and of the procedures that facilitate their implementation, using country examples as illustrations.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=od______2456::f49f65c54de15741ef994f380ec1430f http://documents.worldbank.org/curated/en/2016/03/26122353/bond-buybacks-exchanges-background-note Zobrazit plný text záznamu