This paper provides the first comprehensive documentation of how firms use domestic and international corporate bond markets. Debt issues in domestic and international markets have different characteristics, not explained by differences across firms or countries. International issues tend to be larger, of shorter maturity, denominated in foreign currency, include more fixed rate contracts, and entail lower yields. These patterns remain when analyzing...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/09/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6209
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1
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1
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2012/09/01
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Disclosed
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How firms use domestic and international corporate bond markets
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Finance & Private Sector Development
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