Essays about: "Bond Underpricing"

Found 4 essays containing the words Bond Underpricing.

1. 1. The Pricing of Green Bonds at Issuance : Is There Underpricing or a "Greenium"?

   University essay from Jönköping University/IHH, Företagsekonomi

   Author : Kristin Löffler; [2022]
   Keywords : green bonds; greenium; underpricing; signaling hypothesis; price pressure hypothesis; information-compensation hypothesis;

   Abstract : This paper examines if green bonds incur underpricing or overpricing, that is, have a "greenium", at issuance. Using a global sample of 830 liquid green bonds priced between March 20, 2012 and March 24, 2022, this study estimates an empirical model of the initial returns through ordinary least squares and quantile regressions. READ MORE

3. 2. The Determinants of Corporate Bond Underpricing in Times of Quantitative Easing - an Analysis of the European Investment Grade Bond Market

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Jonas Schenke; [2020]
   Keywords : Corporate Bonds; Corporate Sector Purchase Programme CSPP ; European Central Bank ECB ; Quantitative Easing; Underpricing;

   Abstract : This study examines the determinants of bond underpricing in the EUR corporate investment grade space. Moreover, it assesses whether the European Central Bank (ECB), through its quantitative easing, has caused a structural change in bond underpricing. READ MORE

4. 3. On the Determinants of Underpricing in Corporate Bond Offerings

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Björn Aronsson; Daniel Tano; [2016]
   Keywords : Bond Underpricing; Underpricing; Initial Bond Offering; Swedish Bond Market; Credit Default Swap; Business and Economics;

   Abstract : Money is often left on the table when corporations issue new securities. Explanations for the underpricing phenomenon are often related to information asymmetry between the investor and the issuer. In this study we investigate factors affecting underpricing on corporate bonds in the Swedish market. READ MORE

5. 4. Underpricing in Corporate Bond Issues: An Explanation Based on Information Problems

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Hampus Frisén; Jacob Langhard Lövstedt; [2015]
   Keywords : Corporate bonds; Underpricing; Information problems;

   Abstract : This paper represents the first of its kind on the Swedish market as well as the first on the European market in over two decades. Through analysis of 1-day excess return observations for 457 bond issues on the Swedish corporate bond market ranging from June 2003 to February 2015, we investigate how information problems relate to underpricing. READ MORE