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GM506 Purdue Global University Underwriting Requirements of Bonds Discussion

GM506 Purdue Global University Underwriting Requirements of Bonds Discussion

Question Description


Debt financing via bonds is explained well beginning on page 143 of the text. Refer to that section as you complete the Discussion. This Discussion requires that you cite a scholarly journal or text using proper APA format.

Scenario: As the representative of a lending institution, you are meeting with a prospective client-borrower that has requested a $1,000,000 corporate bond. As you near the end of negotiations, you explain that the underwriting requirements of a sinking fund, select call provisions, and select covenants, would be required for the financing.

You do your best to provide a competitive interest rate. The low rate requires certain underwriting provisions. The client asks about the purpose for the required underwriting provisions noted below.

  • Explain to the client how sinking funds and call provisions make the loan default zero, or minimal repayment less probable.
  • As you seek added assurance of full payment, explain two loan covenants you will require from the client. How will these provisions make the loan default zero, or minimal repayment less probable?

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