Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa (2 lettori)

NoWay

It's time to play the game
Altri elementi utili...

Exchange Traded Debt Securities are notes and bonds that are traded on the stock exchangs instead of the bond markets. Exchange Traded Debt mostly carries maturies of 30 years or more (although a few are just 10 years etc). Most of these securities pay interest payments quarterly. Most exchange traded debt issues are 'junior' to the companys secured debt and senior to preferred and common shares.

Most of the issues are $25.00/share issues and generally are callable at $25.00 plus accrued interest 5 years from the date of issue.

Caution should be used when purchasing these debt securities when the 5 year first call date is approaching. In an environment of falling interest rates companies will be 'refinancing' as much debt as possible at lower interest rates. If you purchase at a price above $25 you will incur a capital loss if the issue is called.

Note that the distributions on these securities is considered interest and thus are not eligible for the reduced qualified tax rate.
 

bulogna

Forumer storico
Altri elementi utili...

Exchange Traded Debt Securities are notes and bonds that are traded on the stock exchangs instead of the bond markets. Exchange Traded Debt mostly carries maturies of 30 years or more (although a few are just 10 years etc). Most of these securities pay interest payments quarterly. Most exchange traded debt issues are 'junior' to the companys secured debt and senior to preferred and common shares.

Most of the issues are $25.00/share issues and generally are callable at $25.00 plus accrued interest 5 years from the date of issue.

Caution should be used when purchasing these debt securities when the 5 year first call date is approaching. In an environment of falling interest rates companies will be 'refinancing' as much debt as possible at lower interest rates. If you purchase at a price above $25 you will incur a capital loss if the issue is called.

Note that the distributions on these securities is considered interest and thus are not eligible for the reduced qualified tax rate.



Senior notes/Baby bonds
Senior notes, also called baby bonds, are bonds designed to trade like preferreds.
They trade in $25 par amounts, pay quarterly interest, and are typically callable five
years after issuance.
Unlike the other structures, the issuer cannot skip or defer payments on senior notes
without entering default. These bonds rank higher in the capital structure than
hybrids, trusts, and pure preferreds. Payments are interest, not dividends, and are
fully taxable to the investor (not QDI), but deductible for the issuer. Since the
securities pay interest, they are appropriate for NRA investors.
The payments on senior notes/baby bonds are cumulative, in that the issuer must
make good on all missed payments before making any payout on a junior ranking
security such as a hybrid, trust, or perpetual preferred. But historically, companies
have rarely been able to make up missed payments on senior obligations. Usually,
a company that skips a payment on a bond enters bankruptcy.
As with other senior debt obligations, senior notes are listed on the issuer’s balance
sheets as part of long-term debt, and do not count as equity capital
 

Myskin

Forumer stoico
ok stavo provando su iw a cercarla, acquistata con binck 19.51

bene, per il momento annuso solamente, non entro perchè alcune cose non mi sono chiare e altre non mi piacciono
il topic è un po' dispersivo e per un neofita è difficile districarsi a meno di dedicarvi tanto tempo
comunque mi sto costruendo una tabella con codici e info sintetiche, se viene bene la posto
 

darkog

In Hoc Signo Vince..
Cmq stanno venendo giù tutte a piombo.. E onestamente fatico a capire le motivazioni.

Le Pref con floor sono ai minimi e anche le TF stanno iniziando ad avere rendimenti interessanti e notevolmente più alti rispetto a quelle in €
 

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