Pricing Partially Guaranteed Bonds : Valuation of Bonds Benefitting from a World Bank Partial Guarantee

Pricing Partially Guaranteed Bonds : Valuation of Bonds Benefitting from a World Bank Partial Guarantee

The absence of sovereign bond issuances with World Bank guarantee support for almost 15 years and the customized application of the WB guarantee instrument led potential investors in the Ghana bond to ponder the best way to value the instrument. Th...

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Bibliographic Details
Main Author: Launay, Vincent
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
CAPITAL MARKETS
BASIS POINTS
FINANCING
DEFAULTS
PAYMENT OBLIGATIONS
PRINCIPAL
VALUATION
INCOME
INTEREST
GUARANTEES
MATURITY DATE
TREASURY BOND
DISCOUNTED CASH FLOW
DISCOUNT RATE
ISSUANCES
TREASURIES
LIQUIDITY
VALUATION METHOD
CREDIT RATING AGENCIES
TOTAL DEBT
BONDS
EQUAL SHARE
DISCOUNT
PROBABILITY OF DEFAULT
LIQUIDITY PREMIUM
PRICE
PRINCIPAL PAYMENT
PARTIAL GUARANTEE
PAYMENTS
INTERNATIONAL BANK
CASH FLOWS
DEBT CAPITAL
INSTRUMENTS
PAYMENT DEFAULT
MATURITY
BOND ISSUANCES
PRESENT VALUE
BULLET MATURITY BOND
BOND ISSUES
TREASURY YIELD
BOND YIELD
PAYMENT OF PRINCIPAL
BOND ISSUANCE
TRADING
MARKET INSTRUMENT
SOVEREIGN BOND
PAYMENT
DEBT
CAPITAL MARKET
MARKETS
BOND ISSUE
INTERNATIONAL DEVELOPMENT
FREE BOND
DEFAULT PAYMENT
COUPON BONDS
GUARANTEE PAYMENTS
DEBT SERVICE
RATING AGENCIES
POTENTIAL INVESTORS
TYPES OF INSTRUMENTS
INVESTORS
YIELD CURVES
PRINCIPAL PAYMENTS
BANK GUARANTEES
FUTURE
VALUE
BANK
CREDIT
YIELD TO MATURITY
REPAYMENT
AMORTIZATION
PAYMENT OF INTEREST
ISSUANCE
REMAINING DEBT
SHARES
FACE VALUE
DEFAULT
MARKET
CREDIT RATING
BOND MATURITY
TREASURY
EVENT OF DEFAULT
TIME OF DEFAULT
CREDIT RISK
DISCOUNT RATES
SECURITY
BOND
RISK
SHARE
COUPON
BONDHOLDERS
CHECK
BANK GUARANTEE
INSTRUMENT
DEBT SERVICE PAYMENT
GUARANTEE
RECOVERY RATE
CASH FLOW
Online Access:http://documents.worldbank.org/curated/en/2016/02/25918942/pricing-partially-guaranteed-bonds-main-report
http://hdl.handle.net/10986/23758

Internet

http://documents.worldbank.org/curated/en/2016/02/25918942/pricing-partially-guaranteed-bonds-main-report
http://hdl.handle.net/10986/23758

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