FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
Available on iPad and Android tablets as well as desktop
Eurobonds – Issuing & Investing
The Eurobond market is a vital source of funds for many entities, including banks and other financial institutions, governments and supranational organizations and, increasingly, non-financial corporates. Many of these entities have turned to the international market when domestic conditions were not conducive to raising capital.
New Eurobond issues are originated in the primary market, where they are then bought and re-sold between investors in the secondary market. This is an over-the-counter (OTC) market that provides investors with an alternative to investing in domestic issues and the advantages that often come with that, such as increased yields and portfolio diversification.
This course looks at the primary and secondary markets for Eurobonds, the participants in these markets and the reasons why they are active in these markets.
On completion of this course, you will be able to:
• List the different types of Eurobond issuers and explain why they issue these securities
• Outline the process for issuing Eurobonds in the primary market
• List the different types of Eurobond investors, explain why they invest in these securities and describe the secondary market trading conventions for Eurobonds
Topic 1: Eurobond Issuers
• Why Issue Eurobonds?
• Who Issues Eurobonds?
• Banks/ Financial Institutions
• Non-Financial Corporates
• Supranational Organisations
Topic 2: The Issuing Process
• The Primary Market
• Issuing Eurobonds
• Listing Eurobonds
• EU Prospectus Directive
• EU Prospectus Directive - Exemptions
• EU Prospectus Directive- Non EU-Issuers
Topic 3: Investing in Eurobonds
• Who Invests in Eurobonds?
• Why Invest in Eurobonds?
• Risks of Investing in Eurobonds
o Credit Risk
o Foreign Exchange (FX) Risk
o Liquidity Risk
• Secondary Market Trading Practices
ESTIMATED COMPLETED TIME
Floating Rate Notes (FRNs)
This course will provide an overview of the basic structure and features of floating rate notes. It will also describe the various uses and applications of FRNs, variations of the basic FRN structure, and price/yield calculations.
Other Courses In:
Bond Prices & Yields
Duration & Convexity
Fixed Income - Credit Risk
Eurobonds - An Introduction
Floating Rate Notes (FRNs)
US Bond Market
UK Bond Market
European Bond Markets
Japanese Bond Market
Canadian Bond Market
Bond Strategies - Fundamentals
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