从一个我个人的视角看美国的金融市场（From a personal perspective, I look at financial markets in the United States）.docVIP

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从一个我个人的视角看美国的金融市场（From a personal perspective, I look at financial markets in the United States）.doc

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从一个我个人的视角看美国的金融市场（From a personal perspective, I look at financial markets in the United States）

从一个我个人的视角看美国的金融市场（From a personal perspective, I look at financial markets in the United States） Investment banking: from a personal point of view of us financial markets - not to be published by roadside wildflowers - I was so busy working last week that I came home at two o clock in the morning, and the companys car was waiting outside my home in the morning. One of the jobs was to issue bonds for ATT. To pay dividends and maintain the companys infrastructure, ATT will issue a mid-term bond every two or three months. We call it MTN Notes). This is a popular shelf release for American businesses Offering). Is the company to report to the securities and exchange commission in advance how much total amount we are going to issue corporate bonds, but not a total sum, but if the quota on the shelf, ready to do a takedown. The benefits of this way of issuing a procedure than one-off issue much more simple and rapid, the second is the company can according to their own needs and how much the market decided to issue at any time, how much interest payments. ATT is a shelf Take down the old oil strip, take advantage of the market interest rate to innovate low, hurriedly add corporate debt, use low interest new debt to pay high interest old debt. My colleague Rick was in charge of the delivery, and I was in charge of the delivery and delivery. A day before the delivery date we have a transfer of work and a table of delivery in the conference room. As I walked around the table, I asked Rick: if you were an investor, would you buy ATT bonds? Rick laughed and said, I wont buy it. Ill buy it. ATT issued three different bonds this time. The three-year interest is 0.875%, the five-year interest is 1.6%, and the ten-year interest is 3%. Such low interest rates are unheard-of to us insiders, and may only be a joke on April fools day. And now ATT doesnt want to sell it at all. Its worth three billion dollars. The interest on corporate bonds is only a little higher than that of relativ