What is a credit-sensitive note (CSN)? How does it work? What is the advantage to the issuer?

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What is a credit-sensitive note (CSN)? How does it work? What is the advantage to the issuer? To the investor? What are the drawbacks to the investor?

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Derivatives Principles And Practice

ISBN: 9780078034732

2nd Edition

Authors: Rangarajan Sundaram

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Question Posted: Jan 18, 2024 05:00 AM

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What is a credit-sensitive note (CSN)? How does it work? What is the advantage to the issuer?

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A CSN is a bond where the coupon is adjusted if the rating of the bond changes If the rating wor...View the full answer

Derivatives Principles And Practice

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