Essays about: "high yield bonds"

Showing result 1 - 5 of 30 essays containing the words high yield bonds.

1. 1. An Analysis of the Swedish Real  Estate Bond Market:  Characteristics, Opportunities, and  Risks : A combination of a qualitative and quantitative study

   University essay from KTH/Fastighetsföretagande och finansiella system

   Author : Hanna Landstedt; Mikaela Kulti; [2023]
   Keywords : Real Estate Bond; Bond Issuance; Bond Maturities; Credit Risk; Investment Grade; High Yield; Corporate Bond Market; Real Estate Bond Market; Fastighetsobligation; Utställande av obligationer; Obligationslöptid; Kreditrisk; Högränteobligationer; Företagsobligationsmarknaden; Fastighetsobligationsmarknaden;

   Abstract : In the aftermath of the 2008 financial crisis, the debt capital market in Sweden experienced rapid growth, resulting in a doubling of its size. In recent years, real estate companies have become increasingly dependent on financing through the capital markets. READ MORE

3. 2. The Yield Gap : A comprehensive study of the yield spread between prime office yields and five-year swap rates in some of Europe’s most prominent commercial real estate markets

   University essay from KTH/Fastighetsekonomi och finans

   Author : Miranda Jenkins; [2023]
   Keywords : Commercial Real Estate; Property; Five-Year Swap Rate; Prime Office Yield; Financing Costs; Kommersiella fastigheter; femårig swapränta; Prime Kontorsyield; finansieringskostnader;

   Abstract : Global economies are currently in a tumultuous time with high economic distress, inflation, and volatile interest rate markets. Alongside the increased interest rate climate, yield returns throughout property sectors adjust to compensate for the increased risk. READ MORE

4. 3. Trends in the Capital Structure and Risk Assessment of Swedish Real Estate Companies : A Study on the Impact of the 2022-2023 Shift in Interest Rates

   University essay from KTH/Fastighetsföretagande och finansiella system

   Author : Karolina Landgärds; Hanna Lövgren; [2023]
   Keywords : Real estate; Capital structure; Financial risk; Interest rate risk; Fastigheter; Kapitalstruktur; Finansiell risk; Ränterisk;

   Abstract : This study aims to analyse the changes in the capital structure of Swedish real estate companies over the past five years, with a particular focus on the period 2022-2023, characterised by the policy interest rate increasing from zero to 3.5 percent. READ MORE

5. 4. Credit Where Credit's Due: An Empirical Study of Defaults in the Swedish Corporate Bond Market Between 2004 and 2023

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Kristoffer Östlin; Ludvig Sviberg; [2023]
   Keywords : Corporate Bonds; Yield Spread; Default; Swedish Bond Market; Logit Regression Model;

   Abstract : This paper studies the relationship between bond defaults and yield spread, and other bond and company variables observable at issuance using a comprehensive dataset of matured and defaulted bonds from non-financial Swedish firms, covering the period 2004-2023. We find that higher yield spreads are correlated with higher default probabilities, particularly in the high-yield (HY) bond segment. READ MORE

6. 5. An Assessment of the Riksbank’s Corporate Bond Purchase Program on the Yield Spread and Firm’s Debt Structure

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Najmeh Hajimirza; Nichawan Thamrongsak; [2022]
   Keywords : Quantitative easing; Corporate bond purchase program; Yield spread; Debt structure; Intention-to-treat; Treatment-on-treated; Business and Economics;

   Abstract : We study the effect of Riksbank’s corporate bond purchase program on the yield spread of bonds and firm-level debt structure. We find evidence that the Riksbank’s corporate quantitative easing announcement reduces the yield spread of eligible bonds compared to the non-eligible bonds. READ MORE