Primary Corporate Debt Issuance in Europe
| Thesis title: | Primary Corporate Debt Issuance in Europe |
|---|---|
| Author: | Galetová, Hana |
| Thesis type: | Diploma thesis |
| Supervisor: | Stádník, Bohumil |
| Opponents: | Málek, Jiří |
| Thesis language: | English |
| Abstract: | A top-down analysis approach used for over 17 thousand of euro-denominated corporate bond issuances executed in the European primary bond market between 1999 and 2013. The main findings reveal not only the most active corporate issuers in Europe, but they also show the decomposition of issuance by coupon type, rated versus unrated issuance, debut and perpetual issuances, high grade as well as high yield new bond issues split by sector, rating and maturity. I used the opensource statistical package Gretl and applied the ordinary least square technique in order to quantify the association between euro-denominated corporate issuance and credit spreads. |
| Keywords: | high grade; high yield; maturity; primary market; corporate bonds; regression; financial crisis; euro-denominated issuance; credit spreads; rating |
| Thesis title: | Primární emise korporátních dluhopisů v Evropě |
|---|---|
| Author: | Galetová, Hana |
| Thesis type: | Diplomová práce |
| Supervisor: | Stádník, Bohumil |
| Opponents: | Málek, Jiří |
| Thesis language: | English |
| Abstract: | A top-down analysis approach used for over 17 thousand of euro-denominated corporate bond issuances executed in the European primary bond market between 1999 and 2013. The main findings reveal not only the most active corporate issuers in Europe, but they also show the decomposition of issuance by coupon type, rated versus unrated issuance, debut and perpetual issuances, high grade as well as high yield new bond issues split by sector, rating and maturity. I used the opensource statistical package Gretl and applied the ordinary least square technique in order to quantify the association between euro-denominated corporate issuance and credit spreads. |
| Keywords: | credit spreads; primary market; financial crisis; high grade; rating; regression; euro-denominated issuance; maturity; high yield; corporate bonds |
Information about study
| Study programme: | Finance and Accounting for Common Europe |
|---|---|
| Type of study programme: | Magisterský studijní program |
| Assigned degree: | Ing. |
| Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
| Faculty: | Faculty of Finance and Accounting |
| Department: | Department of Banking and Insurance |
Information on submission and defense
| Date of assignment: | 11. 3. 2015 |
|---|---|
| Date of submission: | 31. 8. 2015 |
| Date of defense: | 27. 5. 2015 |
| Identifier in the InSIS system: | https://insis.vse.cz/zp/52116/podrobnosti |