Hybrid Securities
Liberadzki, Kamil; Liberadzki, Marcin
€ 127.52
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Description for Hybrid Securities
Hardback. The book provides a comprehensive analysis from mathematical, legal and financial perspectives on the pricing of hybrids. Num Pages: 224 pages, biography. BIC Classification: KFFK; KFFM. Category: (P) Professional & Vocational. Dimension: 216 x 140 x 14. Weight in Grams: 430.
Hybrid capital securities or 'hybrids' offer various benefits. They offer flexibility equity without shareholder dilution, provide protection to senior creditors, are a stable source of long-term funding for healthy companies, and help insurers and banks meet regulatory and rating agency capital requirements. Risks and features of hybrid securities are expressed in the credit spread of some relatively new financial instruments, but no structural fundamentals exist for to price hybrids precisely. This book proposes a model for the pricing of hybrids. It begins by explaining the concept of hybrids as well as their equity- and debt-like characteristics. Different types of ... Read more
Hybrid capital securities or 'hybrids' offer various benefits. They offer flexibility equity without shareholder dilution, provide protection to senior creditors, are a stable source of long-term funding for healthy companies, and help insurers and banks meet regulatory and rating agency capital requirements. Risks and features of hybrid securities are expressed in the credit spread of some relatively new financial instruments, but no structural fundamentals exist for to price hybrids precisely. This book proposes a model for the pricing of hybrids. It begins by explaining the concept of hybrids as well as their equity- and debt-like characteristics. Different types of ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Palgrave Macmillan United Kingdom
Number of pages
224
Condition
New
Number of Pages
224
Place of Publication
Basingstoke, United Kingdom
ISBN
9781137589705
SKU
V9781137589705
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Liberadzki, Kamil; Liberadzki, Marcin
Dr Marcin Liberadzki is a Senior Lecturer at the Warsaw School of Economics, Department of Finance. He holds master's degrees in Finance and Banking (from the WSE), and in Law (the University of Warsaw, Faculty of Law), as well as PhD in Economic Science from the Warsaw School of Economics. He conducts research on convertible bonds, credit derivatives, sub-prime crisis, ... Read more
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