This document discusses various sources for raising capital internationally through financial markets, including long term, medium term, and short term instruments. [1] Long term instruments include international equities like American or Global depository receipts that represent foreign portfolio equity investment and international bonds that are debt instruments issued by international agencies and companies. [2] Medium term instruments include Medium Term Euro Notes that provide medium term foreign currency funds. [3] Short term instruments include Euro Notes and Euro Commercial Papers that allow companies to obtain short term foreign currency funds with minimal documentation requirements.
A bond issued in a country or currency other than that of the investor or broker. They include Eurobonds, which are issued in a foreign currency, foreign bonds, which are issued by a foreign government or corporation in the domestic market, and global bonds, which are issued in both domestic and international markets.
A bond issued in a country or currency other than that of the investor or broker. They include Eurobonds, which are issued in a foreign currency, foreign bonds, which are issued by a foreign government or corporation in the domestic market, and global bonds, which are issued in both domestic and international markets.
ibo-06_international business finance Unit 02_international financial marketsJ. Sen
This presentation is based on IGNOU IBO-06 international business finance_unit_02. It will help the M.Com. student to understand the concepts of international financial markets in an easy way.
Types of Securities - Medium Term Notes and Euro Medium Term Notes Dirk Coetzer
With expertise in trade finance and fund management, Dirk Coetzer serves as the managing director of ICON Capital Sarl, a Luxembourg-based firm dedicated to managing the ICON Investments Fund. Through the fund, Dirk Coetzer and his colleagues work with various types of securities, including medium-term notes (MTNs) and Euro medium -term notes (EMTNs).
ibo-06_international business finance Unit 02_international financial marketsJ. Sen
This presentation is based on IGNOU IBO-06 international business finance_unit_02. It will help the M.Com. student to understand the concepts of international financial markets in an easy way.
Types of Securities - Medium Term Notes and Euro Medium Term Notes Dirk Coetzer
With expertise in trade finance and fund management, Dirk Coetzer serves as the managing director of ICON Capital Sarl, a Luxembourg-based firm dedicated to managing the ICON Investments Fund. Through the fund, Dirk Coetzer and his colleagues work with various types of securities, including medium-term notes (MTNs) and Euro medium -term notes (EMTNs).
Indian Economic Status Newsletter June 2013 - Find Indian Economic News, IIP Growth % (Index of Industrial Production) Graph, WPI % Growth (Wholesale Price Index) Graph, Corporate Headlines and Who’s Expanding in India
What happens when the digital tools and platforms we make and use for communication and entertainment are hijacked for terrorism, violence against the vulnerable and nefarious transactions? What role do designers and developers play? Are we complicit as creators of these technologies and products? Should we police them or fight back? As Portfolio Lead for Northern Lab, Northern Trust's internal innovation startup focused on client and partner experience, Antonio will share a mix of provocative scenarios torn from today's headlines and compelling stories where activism and technology facilitated peace—and war.
As a call-to-action for designers and developers to engage in projects capable of transformational change, he'll explore the question: How might technology foster new experiences to better accelerate social activism and make the world a smarter, safer place?
The Six Highest Performing B2B Blog Post FormatsBarry Feldman
If your B2B blogging goals include earning social media shares and backlinks to boost your search rankings, this infographic lists the size best approaches.
Each technological age has been marked by a shift in how the industrial platform enables companies to rethink their business processes and create wealth. In the talk I argue that we are limiting our view of what this next industrial/digital age can offer because of how we read, measure and through that perceive the world (how we cherry pick data). Companies are locked in metrics and quantitative measures, data that can fit into a spreadsheet. And by that they see the digital transformation merely as an efficiency tool to the fossil fuel age. But we need to stretch further…
All related information about International bond markets for example segments of international bonds, types of international bonds, sovereign bond, eurobond, foreign bond, global bond wtih examples and so on.
The chapter comprises of Meaning, Environment, Raising of Finance in International Markets, Euro Issues, GDRs and ADRs Guidelines for Raising Funds in International Markets through various Instruments; Working of International Stock Exchanges with respect to their Size - Listing Requirements, Membership, Clearing and Settlement of New York Stock Exchange, NASDAQ, London Stock Exchange, Tokyo Stock Exchange, Luxembourg Stock Exchange, German and France Stock Exchanges.
The international stock market refers to all the international markets that negotiate stocks from their domestic companies. For example, you can buy stocks from Apple at the local American market, but to get stocks from the Japanese Sapporo, you need to go the international (Japanese) market. Most countries have their own stock exchange.
Part of the financial system concerned with raising long-term capital through shares, bonds, and other long-term investments.
EURO ISSUE:
The term `euro' denotes that the issue is listed on a European Stock Exchange.
A euro issue is a issue where the securities are issued in a currency different from the currency of the country of issue and the securities are sold in international market to individual and institutional investors.
Euro securities are negotiable and transferable securities distributed by a syndicate of market intermediaries and underwriters, By an euro issue, a company is able to raise funds at a cheaper rate, Euro bond is an international bond issued to investors from throughout the world.
A global depositary receipt (GDR) is a certificate issued by a bank that represents shares in a foreign stock on two or more global markets. GDRs typically trade on American stock exchanges as well as Eurozone or Asian exchanges.
GDRs represent ownership of an underlying number of shares of a foreign company and are commonly used to invest in companies from developing or emerging markets by investors in developed markets.
Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share.
ADR's are depository receipts issued in United States of America (USA) in accordance with the provisions of Securities and Exchange Commission.
American Depository Receipts (ADRs) offer US investors a means to gain investment exposure to non-US stocks without the complexities of dealing in foreign stock markets.
It refers to a negotiable certificate issued by a U.S. depositary bank representing a specified number of shares usually one share of a foreign company's stock.
The ADR trades on U.S. stock markets as any domestic shares would. ADRs offer U.S. investors a way to purchase stock in overseas companies that would not otherwise be available.
It is denominated in US $
INFOSYS Technologies was the First Indian Company to issue ADR.
International Financial Management ,International Money Market,International Capital Market,International Bond Market,Bench Marking,Euro currency Market
In International Financial market, Foreign operations are nothing without Financing. In this Presentation I have tried to provide all the information regards Financing for foreign operations unit in Multinational financial management with the help of some references
Presentation on Fixed Income Instruments. Content includes definition, types and Advantages.
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. The benefit from investment is called a return.
1. ENTERPRENUAR
GOOD
GOVERNANCE
SOURCES OF
RAISING CAPITAL
2. Funds are raised from international financial market through
sale of securities such as
1.long term
2.medium term and
3.short term funds
3. LONG TERM INSTRUMENTS
1.INTERNATIONAL EQUITIES
International equities are a new instrument representing foreign
portfolio equity investment.
They are ordinary shares sold to international investors in the
form of American or Global depository receipts.
The investor gets dividend and not interest .
They do not have the same voting rights as in the case of foreign
direct investment return.
4. The benefits are:
a) The company issues international equities when the domestic
capital market s already flooded with its shares.
b) The presence of restrictions on issue of shares in the domestic
market facilitates issue of international equities.
c) Company issues international equity for gaining international
recognition among the public.
d) International equity bring in foreign exchange which is vital for
a firm in a developing country.
5. e) International capital is available at lower cost through
international equities.
f) Funds raised through such an instrument do not add to the
foreign exchange exposure.
g) It brings in diversification benefits and raise return with a
given risk or lower risk with a given
6. 2. INTERNATIONAL BONDS
They are debt instruments that are issued by international
agencies, government and companies for borrowing foreign
currency for a specified period of time.
The issuer pays interest to the creditor and makes repayment
of capital.
The different types of bonds are:
-Foreign bond
-Euro bond
-Global bond
-Straight bonds
-Convertible bonds
7. MEDIUM TERM INSTRUMENTS
MEDIUM TERM EURO NOTES
It is an extension of short term euro notes, which is issued to get
medium term funds in foreign currency.
They are not underwritten, but there is a provision for
underwriting.
They carry fixed rate of interest.
8. SHORT TERM INSTRUMENTS
These are two types
1. EURO NOTES
Euro notes are like promissory notes issued by companies for obtaining
short term funds.
They are denominated in any currency other than the currency of the
country where they are issued.
It is a low cost funding route.
The documentation facilities are minimum.
When issuer issues euro notes, it hires the service o agent who issues the
notes, gets them underwritten and sells them through placement agents.
9. 2.EURO COMMERCIAL PAPERS
They are short term fund instruments issued only by highly rated
companies.
They are not underwritten. It faces minimal documentation.
ECPs have longer maturity going u to one year.
The ECP route for raising funds is investor driven.