When current interest rate is high, investment banks will suggest the firm to issue shares instead of bonds.
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Collateralized debt obligation (CDO) refers to an investment-grade security backed by a pool of bonds, loans and other assets with multiple “slices”. Each slice has a different maturity and risk associated with it. The higher the risk, the more the CDO pays.
Investment banks are required to set firewall between broker and trader department.
Hong Kong Stock Exchanges is established by members and is a none-profit organization.
Financial sponsors prefer bank loan to the issue of high yield bond in the leverage buy out.