.... that man is a uniquely reflective and self aware animal and that this is something fundamental to the human condition. Auguste Rodin _____________________________________________________________________________________ TODAY'S LEGAL DISCUSSION Today's discussion issue is related to concept of Global capital market and relevance and scope of Global capital market in presence economic system, especially in the light of recent Standard Chartered Bank's IDRs issues......(for more go to CLT Blog page) REGARDS, CLT TEAM Home| Corporate Law Updates | Capital and Securities Market | International Taxation Laws | Contact Us
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Bond: Recent European financial crisis, which in other words called as "Bonds Crisis" has again regenerate interest in the concept of Bond. In general term, A statement of debt, similar to an IOU. Bonds are issued by governments, companies, other entities and individuals in return for cash from lenders and investors. The borrower pays interest to the lender or investor throughout the life of the bond. Borrowers seeking funds from the public through bond issues usually announce the issues through the financial press and electronic media, and spell out the details in aprospectus available from stockbrokers, banks and, in the case of commonwealthsecurities, the Reserve Bank. Bonds are generally medium to long-term fixed-interest securities. An early definition of a bond was 'a coupon security offering more than one interest payment' but the emergence of zero-coupon bonds has complicated the picture. Australian commonwealth (Treasury) bonds are sold by periodic tender, mostly to large-scale investors who set the price levels. |
