| Author: | Marr, M. W. Rogowski, R. W. Trimble, J. L. |
| Title: | The competitive effects of U.S. and Japanese Commercial Bank participation in Eurobond underwriting. |
| Journal: | Financial Management
1989 : WINTER, VOL. 18:4, p. 47-54 |
| Index terms: | EUROBONDS COMMERCIAL BANKS LOANS USA JAPAN |
| Language: | eng |
| Abstract: | A study of competitive effects of US and Japanese commercial bank entry into the Eurobond market, indicating that the pricing of a bond issue is higher than other types, decreasing the borrower's interest cost, and explanations for this behaviour by the US or Japanese bank manager or co-manager. Changing structure of Eurobond underwriting. Why non-European commercial banks underwrite Eurobonds. methodology and data. Discussion of the variables. Sample of Eurobond issues. The findings. Policy implications. Five Exhibits illustrate the study. |
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