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???? (subordinated bonds)(1/2). 1. profit and Loss certificates 1992?Deutsche Schiffs bank AG ?? : 12?3? coupon rate :10 % coupon??????????. ???? (subordinated bonds)(2/2). 2. Quids : ?equity ??? ? : 50???,???????5? 30??? *????????3. Quics: convertible bonds with
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1. Chapter 9-2 New Types of Bonds
2. ????(subordinated bonds)(1/2) 1. profit and Loss certificates
1992?Deutsche Schiffs bank AG
?? : 12?3?
coupon rate :10 %
coupon??????????
3. ????(subordinated bonds)(2/2) 2. Quids : ?equity ???
? : 50???,???????5?
30???
*????????
3. Quics: convertible bonds with a 5-year
interest deferral
4. Brady Bonds 1982?????LDC?????????
??????????
??????????????
????????
5. ? : Mexican Discount Bond
????35% , ?? : LIBOR+0.8125%
Brady Repo :
?Repo market????????
(secondary market)
6. Dragon Bonds(1/2) ?????????
Now is regarded as part of the Eurobond market.
Tier three capital bonds
1. ????????????????
2. ?????????
? : 1996?6?ING Bank ??250 million
FRN?tier three capital bonds
7. Dragon Bonds(2/2) Contingent-surplus notes Once????,??????????? ?TB????Surplus notes? ????????????????? ???? ?? : LIBOR+2.73% LIBOR+5.76%