05315nam 2200661 450 991080853900332120230803220233.01-118-50205-11-118-63832-81-118-50203-5(CKB)2550000001127224(EBL)1443895(SSID)ssj0001055694(PQKBManifestationID)11985445(PQKBTitleCode)TC0001055694(PQKBWorkID)11014149(PQKB)10293111(Au-PeEL)EBL1443895(CaPaEBR)ebr10780703(CaONFJC)MIL527888(OCoLC)861700764(MiAaPQ)EBC1443895(EXLCZ)99255000000112722420131029h20142014 uy| 0engurcnu||||||||txtccrA guide to Asian high yield bonds financing growth enterprises /Florian Schmidt ; with Sharon TaySecond edition.Singapore :Wiley,[2014]©20141 online resource (480 p.)Wiley finance seriesDescription based upon print version of record.1-118-50202-7 1-299-96637-3 Includes bibliographical references and index.A Guide to Asian High Yield Bonds; Copyright; Contents; Preface; Overview of the Contents; Notes for the Use of This Book; Acknowledgments; Chapter 1: Why High Yield's Time Has Come in Asia; 1.1: The Asia Pulp & Paper (APP) Legacy; 1.2: Necessary Corporate Developments Benefiting Asian High Yield; 1.3: Necessary Macro Developments Benefiting Asian High Yield; 1.4: Asia's Corporate Landscape of Family Enterprises; 1.5: Traditional Generic Business Strategies for Family Enterprises; 1.6: A Theoretical Approach to Debt versus Equity Funding; 1.7: The Factor ""Growth"" Makes All the Difference1.8: An Asian Growth Market: China's Real Estate Sector 1.9: Suitability of High Yield Bonds for Family Enterprises; 1.9.1: Minimizing Funding Costs While Achieving a Sufficient Degree of Liquidity; 1.9.2: Minimizing External Influence and Control; 1.9.3: Minimizing Disclosure of Internal Data; 1.9.4: Maximizing Flexibility; 1.9.5: Financial Security through Duration; 1.9.6: Minimizing Collateral; 1.9.7: Conclusion; 1.10: A Wall of Liquidity; Notes; Chapter 2: An Overview of the High Yield Bond Market; 2.1: The Genesis; 2.2: The World's Largest High Yield Bond Market2.2.1: The Metamorphosis of the U.S. High Yield Landscape 2.2.2: Post Subprime Recovery; 2.2.3: The U.S. High Yield Market Landscape Today; 2.3: Europe's Growing High Yield Bond Market; 2.3.1: A Funding Tool for TMT and Fallen Angels; 2.3.2: Issuer Diversity and Structural Progression; 2.3.3: Driven by Leveraged Buyouts; 2.3.4: Transformation into a Robust Corporate Bond Market; 2.4: ""True"" High Yield Arrives in Asia; 2.4.1: ""True"" High Yield versus Emerging Market Bonds; 2.4.2: The Rise and Fall of the Asian Tigers; 2.4.3: Reevaluating the Asian Financial Crisis2.5: The Asian High Yield Renaissance 2.5.1: A Defensive Comeback in 2003; 2.5.2: Drivers and Characteristics of Asia's Second Generation High Yield Bonds; 2.5.3: Structural Innovations in Second Generation Asian High Yield; 2.6: Through and Beyond the Subprime Crisis; 2.6.1: Into the Abyss; 2.6.2: The Impact of the Subprime Crisis on Asia; 2.6.3: A Slow and, Once Again, Cautious Comeback; 2.7: The Asian High Yield Market Comes of Age; 2.8: More Tests of Resilience; 2.9: Outlook-Disintermediation of Bank Lending; Notes; Chapter 3: Asian High Yield Issuers; 3.1: What's in a Name?3.2: The Technology, Media, and Telecoms Sector 3.3: The PRC Real Estate Sector; 3.3.1: The Dragon Awakens; 3.3.2: Growth Drivers of the Chinese Property Market; 3.3.3: High Yield Funding for Land Purchases; 3.3.4: Chinese Property Developers in the International Bond Market; 3.4: The Metals and Mining Sector; 3.4.1: Thermal Coal-A Growth Industry; 3.4.2: Indonesia-The World's Largest Thermal Coal Exporter; 3.4.3: Indonesian Coal and Mining Sector Plays an Important Role in the Asian High Yield Market; 3.4.4: Unique Characteristics of Indonesia High Yield3.4.5: The Coking Coal-Iron Ore-Steel Value ChainAn up-to-date, comprehensive analysis of the high-yield bond market in Asia Beginning with a general definition of high-yield bond products and where they reside within the corporate capital structure, this newly updated guide looks at the development of high-yield bonds in the United States and Europe before analysing this sector in Asia. It covers issuer countries and industries, ratings, and size distributions, and also covers the diversification of the high-yield issuer universe. It includes a thorough technical analysis of high-yield bond structures commonly employed in Asian traJunk bondsAsiaJunk bonds480Schmidt Florian H. A1684716Tay Sharon1684717MiAaPQMiAaPQMiAaPQBOOK9910808539003321A guide to Asian high yield bonds4056342UNINA