Page 41 - FINAL CFA SLIDES DECEMBER 2018 DAY 14
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Session Unit 14:
                                                                  51. Fixed income markets: issuance, trading and funding


       LOS 51.g: Describe types of debt issued by corporations., p.23


          •   Debt issued by corporations includes bank debt, commercial paper, corporate bonds,
              and medium-term notes. Bank debt includes bilateral loans from a single bank and

              syndicated loans from multiple banks.
          •   Commercial paper is a money market instrument issued by corporations of high credit

              quality.
          •   Corporate bonds may have a term maturity structure (all bonds in an issue mature at
                                                         tanties
              the same time) or a serial maturity structure (bonds in an issue mature on a
              predetermined schedule) and may have a sinking fund provision.
          •   Medium-term notes are corporate issues that can be structured to meet the

              requirements of investors.
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