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RBA Glossary definition for bond

bond – In general terms, a bond is a statement of debt with a medium to long term to maturity at the time it is issued. The holder of a bond is a lender to the issuer. As such, the statement gives the issuer an obligation to provide the holder with an income payment and/or a stream of income payments over the life of the bond and to repay the principal. The risk that the issuer cannot fulfil their obligation varies from issuer to issuer and over time.

Search Results

Do Collective Action Clauses Influence Bond Yields? New Evidence from Emerging Markets

1 Mar 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2003/2003-02.html

Do Collective Action Clauses Influence Bond Yields? New Evidence from Emerging Markets

1 Mar 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
https://www.rba.gov.au/publications/rdp/2003/2003-02/

Conclusion

31 Dec 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
The fact that the bond market currently prices existing bonds with and without CACs no differently, and that many US investors already hold bonds with CACs – apparently often without being aware ... Of course, opponents of CACs might well argue that
https://www.rba.gov.au/publications/rdp/2003/2003-02/conclusion.html

References

31 Dec 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
RDP 2003-02: Do Collective Action Clauses Influence Bond Yields? New Evidence from Emerging Markets References. ... Petas P and R Rahman (1999), ‘Sovereign Bonds – Legal Aspects that Affect Default and Recovery’, Deutsche Bank Global Emerging
https://www.rba.gov.au/publications/rdp/2003/2003-02/references.html

Introduction

31 Dec 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
RDP 2003-02: Do Collective Action Clauses Influence Bond Yields? New Evidence from Emerging Markets 1. ... Global bonds are bonds issued simultaneously into the US market, Euromarket and other markets.
https://www.rba.gov.au/publications/rdp/2003/2003-02/introduction.html

Background on Collective Action Clauses

31 Dec 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
Download the Paper 92. KB. Collective action clauses have been commonly used in international sovereign bond documentation since becoming market practice under English law for corporate bonds in the nineteenth century. ... Of the 15 bonds where we were
https://www.rba.gov.au/publications/rdp/2003/2003-02/background-on-collective-action-clauses.html

Were Collective Action Clauses Priced in Early 2003?

31 Dec 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
the pricing of a large sample of bonds trading on the secondary market. ... We initially include the full sample of bonds from all emerging market countries.
https://www.rba.gov.au/publications/rdp/2003/2003-02/were-collective-action-clauses-priced-in-early.html

Did Decisions on Collective Action Clauses on New Issues Affect Secondary Market Spreads?

31 Dec 2003 RDP 2003-02
Mark Gugiatti and Anthony Richards
of a bond at the time of issue but also affects the value of the outstanding stock of previously issued bonds. ... ijt. ) on the return on a broad portfolio of emerging market bonds (r.
https://www.rba.gov.au/publications/rdp/2003/2003-02/did-decisions-on-collective-action-clauses-on-new-issues-affect-secondary-market-spreads.html