Ship Finance: US High Yield Bond Market
THE BLACKWELL COMPANION TO MARITIME ECONOMICS, Wayne K. Talley, ed., Wiley-Blackwell, 2012
Posted: 2 Oct 2011
Date Written: October 1, 2011
Abstract
This chapter concentrates on the US high-yield bond market as a source of finance for shipping companies. In particular, the anatomy of the US shipping high yield bond market is described in Section 21.2, and the advantages and disadvantages of high-yield bonds for shipping companies are discussed in Section 21.3. Section 21.4 discusses the importance of credit ratings, the pricing of shipping high-yield bonds and their probability of default, and, Section 21.5 concludes the chapter.
Suggested Citation: Suggested Citation
Grammenos, Costas Th. and Papapostolou, Nikos C., Ship Finance: US High Yield Bond Market (October 1, 2011). THE BLACKWELL COMPANION TO MARITIME ECONOMICS, Wayne K. Talley, ed., Wiley-Blackwell, 2012, Available at SSRN: https://ssrn.com/abstract=1936546
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