Tombstones

Posted: 13 Mar 2012

See all articles by Timothy Luehrman

Timothy Luehrman

Harvard Business School - Finance Unit

David Lane

Harvard University - Business School (HBS)

Date Written: July 26, 2011

Abstract

This case consists primarily of excerpts from term sheets and prospectuses for six securities offerings made by US companies during 2009-2010, just after the financial crisis and recession of 2008-09. There are three issues of senior unsecured notes, one floating rate note, one equity offering, and one convertible note. The issuers are Microsoft, Coca Cola Enterprises, Norfolk Southern, IBM, Ford Motor, and Cephalon.

Learning Objective: The case permits a discussion of basic bond math: computing current yield and yields to maturity for simple bonds. It also facilitates a discussion of the variety of securities and features used by corporate issuers, as well as the variety of concerns and motivations of both issuers and investors.

Suggested Citation

Luehrman, Timothy and Lane, David, Tombstones (July 26, 2011). Harvard Business School Finance Case No. 211-063, Available at SSRN: https://ssrn.com/abstract=2020351

Timothy Luehrman (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States

David Lane

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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