#analyst #fixed #income
Source of Repayment Proceeds
The source of repayment proceeds varies, depending on the type of bond.
- Supranational bonds: repayment of previously loans, or the paid-in capital from members
- Sovereign bonds: taxing authority and money creation
- Non-sovereign government bonds: general taxing authority of the issuer, project cash flows, and special taxes
- Corporate bonds: the issuer's operating cash flows
- Securitized bonds: cash flows from the underlying financial assets
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Subject 2. Bond Indenturevehicle/entity (a separate legal entity) can issue bonds collateralized by assets transferred from its sponsor. If bankruptcy occurs, the sponsor's creditors cannot go after such assets; this is known as bankruptcy remote.
<span>Source of Repayment Proceeds
The source of repayment proceeds varies, depending on the type of bond.
Supranational bonds: repayment of previously loans, or the paid-in capital from members Sovereign bonds: taxing authority and money creation Non-sovereign government bonds: general taxing authority of the issuer, project cash flows, and special taxes Corporate bonds: the issuer's operating cash flows Securitized bonds: cash flows from the underlying financial assets
Asset or Collateral Backing
Collateral backing can increase a bond issuer's credit quality.
Seniority ranking affect credit. In general, se Summary
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