Read Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets

Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets

Alexander Malitsky

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Description:Master's Thesis from the year 2017 in the subject Business economics - Investment and Finance, grade: 55, The University of Liverpool, language: English, abstract: The dissertation aims to analyze the process of issuing new bonds in the EUR debt capital markets and, more specifically, the approach by which investment banks consort with each other (syndicates) to jointly execute a new issue. In this thesis, the aspects of fairness, efficiency, and regulatory implications were first analyzed from a theoretical perspective in the literature review, and the information gleaned was thereafter combined with a practical view based on a survey conducted with 54 active syndicate professionals. Additionally, experts with more than ten years of experience were interviewed in order to enhance the reliability of the findings. The outcomes, therefore, showcase an extensive comparison between theory and practice, while also outlining prospective trends within the business of primary markets. In summary, this thesis reveals aspects of the syndication process, as it is executed on a daily practical basis, that appear contrary to a theoretical impression of efficiency and fairness. However, the input from current professionals highlights the immensely complex and varied applicable strategies, and that many aspects must be evaluated on a case-by-case basis. On the contrary, the newly implemented regulations that shape the syndication process were determined to be unable to comply with such sophisticated requirements. Thus the analysis concludes that the syndication business is self- regulating by nature and that it is harmed by a lack of equal application by the investment banks within the EUR area. Moreover, the syndication professionals indicated a strong trend towards automation and digitalization of the process, even though a more detailed investigation of this aspect showed that full exclusion of investment banks is not desirable because of a number of operational and strategicWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets. To get started finding Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 136

Format: PDF, EPUB & Kindle Edition

Publisher: Grin Verlag

Release: 2017

ISBN: 3668506663

Description: Master's Thesis from the year 2017 in the subject Business economics - Investment and Finance, grade: 55, The University of Liverpool, language: English, abstract: The dissertation aims to analyze the process of issuing new bonds in the EUR debt capital markets and, more specifically, the approach by which investment banks consort with each other (syndicates) to jointly execute a new issue. In this thesis, the aspects of fairness, efficiency, and regulatory implications were first analyzed from a theoretical perspective in the literature review, and the information gleaned was thereafter combined with a practical view based on a survey conducted with 54 active syndicate professionals. Additionally, experts with more than ten years of experience were interviewed in order to enhance the reliability of the findings. The outcomes, therefore, showcase an extensive comparison between theory and practice, while also outlining prospective trends within the business of primary markets. In summary, this thesis reveals aspects of the syndication process, as it is executed on a daily practical basis, that appear contrary to a theoretical impression of efficiency and fairness. However, the input from current professionals highlights the immensely complex and varied applicable strategies, and that many aspects must be evaluated on a case-by-case basis. On the contrary, the newly implemented regulations that shape the syndication process were determined to be unable to comply with such sophisticated requirements. Thus the analysis concludes that the syndication business is self- regulating by nature and that it is harmed by a lack of equal application by the investment banks within the EUR area. Moreover, the syndication professionals indicated a strong trend towards automation and digitalization of the process, even though a more detailed investigation of this aspect showed that full exclusion of investment banks is not desirable because of a number of operational and strategicWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets. To get started finding Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets

Investigation and Evaluation of the Primary Market Benchmark Syndication Process in Debt Capital Markets

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