Export Development Canada issued a bond on March 17, 2009. The terms were as follows: a. What
Question:
Export Development Canada issued a bond on March 17, 2009. The terms were as follows:
a. What is meant by JPY LIBORBBA?
b. Describe the coupon interest characteristics of this bond.
c. What are the risks associated with investing in this bond if the investor’s home currency is not Japanese yen?
Transcribed Image Text:
Currency of denomination: Japanese yen (JPY) Denomination: JPY 100,000,000 Maturity date: March 18, 2019, or an optional redemption date Redemption/payment basis: Redemption at par value Interest payment dates: March 18 and September 18 in each year Optional redemption dates: The issuer has the right to call the instruments in whole (but not in part) at par starting on March 18, 2012. Interest rate: Fixed rate for the first three years up to but excluding March 18, 2012: 1.5% March 18, 2012-September 18, 2012: 1.75%-6-month JPY LIBORBBA September 18, 2012-March 18, 2013: 1.75%-6-month JPY LIBORBBA March 18, 2013-September 18, 2013: 2.00%-6-month JPY LIBORBBA September 18, 2013-March 18, 2014: 2.00%-6-month JPY LIBORBBA March 18, 2014-September 18, 2014: 2.25%-6-month JPY LIBORBBA September 18, 2014-March 18, 2015: 2.25%-6-month JPY LIBORBBA March 18, 2015-September 18, 2015: 2.50%-6-month JPY LIBORBBA September 18, 2015-March 18, 2016: 2.50%-6-month JPY LIBORBBA
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
a What is meant by JPY LIBORBBA JPY LIBORBBA refers to the Japanese yen London Interbank Offered Rate that is published by the British Bankers Associa...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Bond Markets Analysis And Strategies
ISBN: 9780253337535
10th Edition
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
Question Posted:
Students also viewed these Business questions
-
(a) What is meant by JPY LIBORBBA? (b) Describe the coupon interest characteristics of this bond. (c) What are the risks associated with investing in this bond if the investors home currency is not...
-
(a) What is meant by JPY LIBORBBA? (b) Describe the coupon interest characteristics of this bond. (c) What are the risks associated with investing in this bond if the investors home currency is not...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Using Dirac delta functions in the appropriate coordinates, express the following charge distributions as three-dimensional charge densities p(x). (a) In spherical coordinates, a charge Q uniformly...
-
The equation preceding Eq. (30.27) may be converted into an energy relationship. Multiply both sides of this equation by i = dq/dt. The first term then becomes i2R. Show that the second term can be...
-
Construct a boxplot for the following data which represent the number of innings pitched by the ERA leaders for the past few years. Comment on the shape of the distribution. 239 249 266 251 245 238...
-
Patty Hayes owned four Personal Seat Licenses (PSLs) at the Cleveland Browns Stadium. Hayess PSLs reserved four seats on the 50-yard line, at the railing, on the north side of the stadium. As the...
-
CHB, Inc., is a bank holding company that is evaluating the potential for expanding into a 13-county region in the southwestern part of the state. State law permits establishing branches in any...
-
Convert the following NFA into an equivalent DFA. Show every step. 91 e 93 90 e a b 92 b e
-
What does the put provision for a bond entitle the bondholder to do?
-
Equity investors are in a better position to influence the carbon emission policy of corporations and governments than bond investors. Explain whether you agree or disagree with this statement.
-
A wavelength of 4.653 m is observed in a hydrogen spectrum for a transition that ends in the n f = 5 level. What was n i for the initial level of the electron?
-
1. One popular concept on stock market price is called "martingale pric- ing", which is relevant to "rational expectations" or "efficient market hypothesis" in economic theories. A rough statement on...
-
The workplace practice I chose to evaluate is, workplace culture described by employees as stressful, competitive, or alienating. For the reason why this ends up being the case I feel it starts with...
-
What will you do to make your objectives clear and candid during the conversation? How will you manage your emotion during the conversation while still maintaining empathy and trust with the...
-
If a rope loaded with a force of 100 lbf had a spring constant of 500 lbf/inch, how far would the rope stretch or elongate? 0.05" 3.14" Not Listed 0.005" 3.18" 5" 0.5"
-
The Amazon.ca logo has an arrow from the "a" to the "z," communicating that Amazon has everything from a to z. What is this an example of? Explain
-
Stephans Machine & Tool, Inc., purchased a boring mill from D&H Machinery Consultants. The mill was a specialized type of equipment and was essential to the operation of Stephans plant. The purchase...
-
From the choice of simple moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why? please write it in word...
-
Describe the due diligence process for hedge funds.
-
Describe the characteristics of hedge fund returns.
-
Discuss the various kinds of multistrategy FOFs available.
-
Evaluate a great leader The leader that we picked is Mustafa Kemal Ataturk(Founder OF TURKEY) Take some time now to evaluate the great leader you identified against the keys of leadership we just...
-
You are registering your child for kindergarten. You do this in person on a specific date and you are required to bring specific documentation (birth certificate, immunization records, etc). You...
-
The weight of bags of Sakrete High Strength Concrete Mix isnormally distributed with a mean of 80 pounds and a standarddeviation of 1.25 pounds. Eighty-six percent of the bags of SakreteHigh Strength...
Study smarter with the SolutionInn App