BUSI 3405U Lecture Notes - Lecture 5: Syndicated Loan, Bond Market, Accrued Interest
Document Summary
Mainly bank but also trust and loan companies and insurance companies. Normally shorter term with a single issuer (except syndicated loan market) Usually issued to many lenders and placed through securities firms syndicated loan is a large loan in which a group of banks provide funds for a borrower, usually several but without joint liability. Government of canada (note canada savings bonds (csbs) are not really bonds as they are cashable and non- transferable) Non-residents: maple bond market (a canadian dollar denominated bond that is sold in canada by foreign financial institutions and companies) Canadian mortgage and housing corporation: cmhc is canada"s national housing agency. your canadian mortgage. A canadian dollar denominated bond that is sold in canada by foreign financial institutions and companies. The maple bond gives domestic investors (in this case, canadian investors) the opportunity to invest in foreign companies without worrying about the effects of currency exchange fluctuations.
