Question: Straight bonds and floating rate notes are two basic types of bonds that may be issued into both the euromarkets and the US capital markets.

Straight bonds and floating rate notes are two basic types of bonds that may be issued into both the euromarkets and the US capital markets. Explain the basic features of a bond and differentiate between a straight bond and a floating rate note. [2 marks]

PART II: Novak Ltd is seeking to establish standby facility in the euromarkets. Explain to the CFO of Novak, the structure and purpose of a standby facility. Identify and briefly explain the risks that need to be considered by Novak when establishing a standby facility. [3 marks]


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