Debt Management - Emery, Douglas R.

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Résumé :
When companies need fuel to grow, bonds may be the way to go. Traditional blue-chip firms and dot-com startups alike can use debt strategically as a key financial instrument. The critical challenge, however, is integrating corporate debt into core business strategies and established financial policies. This practical book provides practitioners in every industry with a comprehensive, prudent approach to managing corporate debt obligations. Written by leading experts in the field and drawing from case studies of real companies, Debt Management walks financial professional through the entire decision-making process--from designing debt issues to retiring debt through bond redemptions and bond repurchases, all to meet corporate financial objectives. Unique in its presentation of the issuer's perspective--that is, it looks at debt from the company's viewpoint, and not just the buyer's or underwriter's--this work will be the industry reference on debt management and the corporate financier's desktop consultant for years to come. With insights into how factors such as bond valuation methodologies, derivatives, and tax and regulatory restrictions affect the process, the authors provide practitioners in both the U.S. and international debt markets with the information and tools needed to make smart debt-management decisions. With first-rate thinking in finance, while keeping the complex mathematics to a minimum, this volume will prove as handy as it is indispensable--the essential reference for planning, implementing, and managing corporate debt with discretion and confidence....

Biographie:

• 1: Overview of Debt Management


• 2: Commercial Debt Financing


• 3: Debt Capital Markets


• 4: High-Yield Debt


• 5: New Issue Design


• 6: Institutional Considerations


• 7: Fixed-Income Derivatives


• 8: Debt Innovations


• 9: Valuing Bonds and Bank Loans


• 10: Bond Refunding: Measuring the Net Advantage


• 11: Bond Refunding: The Timing Decision


• 12: Sinking-Fund Management


• 13: Other Types of Bond Refundings


• 14: Preferred Stock and Preference Stock


• 15: Convertible Securities


• 16: The Future of Debt Management