(Those options had a combined theoretical value at issuance of $16.5 million, but the compensation figures in this survey count options only when they are cashed in).
Table 1 Descriptive statistics of the issuances of Spanish banks, 1998 2007 Volume of issuance (in millions €) Total Mean Std.
Companies have shelved initial public offerings totaling $21.4 billion so far this year, almost double the value of new equity issuance, Thomson Financial data showed.
Data on volume of issuances is expressed in millions of euros.
Maturity Past Issuance Dummy variable that takes the value of one if there is a past issuance of the bank that is maturing in the current month, the previous month, or the next month and zero otherwise.
The bond mentioned above -- the bond that set a record for the size of issuance of a 30-year obligation -- now trades for about half of face value.
The DEARs structure has convinced Dutch-based investor Oikocredit to buy the first issuance for a total value of 52 million Kenyan Shillings.
A surge of issuance could soften the market.
Citigroup is forecasting a 40% increase in bond issuance in the euro zone and a doubling of issuance in America.
In the remaining groups, the statistics of the respective type of issuance are shown.
As the rate of issuance rises, the spreads of higher-rated issuers widen in sympathy.
