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The new year has begun with several big Wall Street firms claiming to have underwritten "first" Internet bond issues of various kinds.
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At the same time, the use of the Internet for bond issues, which is the direction the corporate bond market is moving, is raising a question about the future role of sales representatives on Wall Street -- the people who have dealt with customers for years, providing information and points of view, taking orders and sometimes just holding their hands.
Credit ratings—assessments of the likelihood that an issuer will default on the interest or principal due on its bonds now shoot through the market at internet speed and cover bond issues of all kinds.
Corporate bond issues hit a wall.
Green Acres bond issues always pass.
Casino junk bond issues are yielding less, on average, than other junk bonds, Mr. Fridson said.
In the past two years, 75percentt of the bond issues have passed.
"We have the money for bond issues," he said.
Even bond issues were only for 5 or 10 years.
In some communities, smaller bond issues were passed.
Zortrax, a Polish 3D-printer company based in Olsztyn, is raising funds through public bond issues.
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CEO of Professional Science Editing for Scientists @ prosciediting.com