The new-issue concession is the extra spread at which a company’s new bond is priced over its existing bonds of similar maturity, the price the issuer pays to attract enough buyers quickly.
Quantitative Finance · Begrippenlijst
Quantitative Finance · Begrippenlijst
The new-issue concession is the extra spread at which a company’s new bond is priced over its existing bonds of similar maturity, the price the issuer pays to attract enough buyers quickly.