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Exact(27)
Lower ratings can cut the value of existing bonds and raise future borrowing costs.
Salomon has an oversupply of the principal portions of existing bonds but a shortage of the interest-rate portion.
Private sector creditors will swap or roll over 135 billion euros of existing bonds into new, longer-term instruments.
The accord was for compensation equivalent to 54.78percentt of the face value of existing bonds, or about $120 million at the time.
If all goes as hoped, the value of existing bonds issued by the enterprises will rise, providing profits to banks and others that own them.
Because bond prices and yields move in opposite directions, if interest rates eventually rise because of inflation, the prices of existing bonds would fall.
Similar(33)
It will gradually run down its €1.6bn of existing bond investments by opting not to reinvest when they mature, the company said.
Strand bond is a critical factor that constitutes the strand behavior in pretensioned concrete girders and directly affects the applicability of existing bonding equations.
Argentina wants investors to exchange some of 46 existing bonds, most of which mature before 2006, for five longer-term bonds to stretch out financing costs.
Under the deal Greece struck in July with its banks as part of Europe's rescue plan, a substantial portion of its existing bonds are scheduled to be swapped into new longer-term securities that could be valued at more than 70 cents to the euro.
But the hope that it will has pushed up prices of the existing bonds.
More suggestions(15)
of existing obligations
of existing treasury
of existing processes
of existing insecurities
of existing rights
of existing materials
of existing shares
of existing creatures
of existing things
of existing companies
of existing clients
of existing problems
of existing apartments
of existing schools
of existing facilities
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com