North Carolina Power Agency Issuing $294 Million of Debt
- Loan Commitments and the Debt Overhang Problem. Snyder, Christopher M. // Journal of Financial & Quantitative Analysis;Mar1998, Vol. 33 Issue 1, p87
The debt overhang problem is shown to arise in the context of an entrepreneurial project that requires a sequence of investments financed by an outside lender. The entrepreneur, not internalizing losses accruing to the lender which financed the initial investments, may inefficiently cancel the...
- Did the debt crisis cause the investment crisis? Warner, Andrew M. // Quarterly Journal of Economics;Nov92, Vol. 107 Issue 4, p1161
There is now a large literature that attributes the investment decline in heavily indebted countries to the effects of the international debt crisis which began in 1982. However, these countries also faced falling export prices arid high world real interest rates in the early l980s, and these...
- Rate Hike Sends EM & HY On Different Course. Iyer, Savita // High Yield Report;4/26/2004, Vol. 15 Issue 17, p2
Reports on trading pattern in high yield and emerging market sovereign debt. Emerging market debts; High yield debts; Correlation between the two asset classes; Implications of a rise in interest rate for both high yield and emerging market debts.
- GEM Debt: Going Local? // Middle East & Africa Financial Alert;7/14/2003, Vol. 2 Issue 41, p1
Any further decline in US Treasury prices will, to a degree, continue to weigh on external debt in emerging markets. At some point going forward markets will stabilize, and appreciate that interest rates in the US, and the rest of G7 bonds, will stay low for a while longer. The risk of lower...
- Extension risk in the spotlight again. K.S. // Asset Securitization Report;5/31/2004, Vol. 4 Issue 22, p17
Reports that investors in mortgage-backed securities focused on hedging extension risk. Effect of a continuous upward tick in interest rates; Prepayment in credit-impaired specified pools; Prepayment behavior in investment properties.
- Harvard: When Interest Rate Swaps Go Sour. Thomas, Charlie // AiCIO News;2013, p1
The article reports on the $345.3 million lost of Harvard University on terminating interest-rate swaps in 2012. It says that since 2008, Harvard University has spent over $1.25 billion unwinding debt derivatives and it had an operating deficit of $34 million for 2012. It states that the...
- Interest Rates Are on the Move: Where Will You Be? Pace, Stacy R. // Ebony;May2011, Vol. 66 Issue 7, p76
The article looks at how to manage investments during times of low interest rates, focusing on how to safeguard against rising interest rates. The author recommends buying homes, paying off personal debt, and refinancing high-interest debts. It is also suggested that investors lock in a fixed...
- Living with rising interest rates. Wozniak, Rozanna // Chartered Accountants Journal;May2004, Vol. 83 Issue 4, p32
Advises borrowers and depositors on dealing with rising interest rates in New Zealand. Effect of interest rates on cost of debt and assets; Investment management; Valuation of shares.
- Overall assessment. // Report on Financial Stability (Magyar Nemzeti Bank);
The article presents an outline on the assessment of the financial system of Hungary as of 2011. It discusses risks arising from the sovereign debt crisis in the euro area peripheral countries, exchange risks of early repayment at preferential exchange fixed rates, and increasing non-performing...