Corp perps can offer opportunities: Deutsche

Corporate perpetual bonds can offer investors potential pickup but only if the structures, call economics and valuations of these instruments are carefully analysed, says the bank.

  • 05 Mar 2013

Several quantifiable features in corporate perpetual bonds will boost the appeal of these instruments, including strong bond structures, favourable call economics and attractive valuations despite the inherent risks.

Relative to senior bonds, the key attraction of corporate perpetual bonds or ‘perps’ is the higher yield they offer. Whilst default ...

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