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Additionally, OoT has responsibility for debt issuance.
The model is designed to aid the decision makers in formulating the debt issuance strategy.
This paper examines the extent to which the profit versus loss heuristic directly affects debt issuance decisions.
AECOM said the cash payment would include proceeds from a recently announced $250 million debt issuance.
Others propose a minimum volume of past debt issuance, but this discriminates against smaller entities.
Debt issuance is soaring as investors are "acting bullish, if not thinking bullish," Mr. Marks says.
Indeed, last year's trickle of Spanish corporate debt issuance has turned this month into a flow.
Mr. Trichet repeated his opposition to the idea of Europe-wide debt issuance to spur growth.
Sophisticated investors are aware of these shortcomings, which helps explain the drop in debt issuance recently.
In the following four years, when bank inventory levels collapsed, corporate debt issuance did not.
Debt issuance appears to be slowing down, though, several analysts said.
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