DEBT MANAGEMENT IBD

Sinopse

When companies need fuel to grow, bonds may be the way togo. Traditional blue-chip firms and dot-com startups alikecan use debt strategically as a key financial instrument.The critical challenge, however, is integrating corporatedebt into core business strategies and established financialpolicies. This practical book provides practitioners inevery industry with a comprehensive, prudent approach tomanaging corporate debt obligations. Written by leadingexperts in the field and drawing from case studies of realcompanies, Debt Management walks financial professionalthrough the entire decision-making process--from designingdebt issues to retiring debt through bond redemptions andbond repurchases, all to meet corporate financialobjectives. Unique in its presentation of the issuer?sperspective--that is, it looks at debt from the company?sviewpoint, and not just the buyer?s or underwriter?s--thiswork will be the industry reference on debt managementand the corporate financier?s desktop consultant for yearsto come. With insights into how factors such as bondvaluation methodologies, derivatives, and tax and regulatoryrestrictions affect the process, the authors providepractitioners in both the U.S. and international debtmarkets with the information and tools needed to make smartdebt-management decisions. With first-rate thinking infinance, while keeping the complex mathematics to a minimum,this volume will prove as handy as it is indispensable--theessential reference for planning, implementing, and managingcorporate debt with discretion and confidence.