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Svolatelné dluhopisy, využití a oceňování / Callable bonds and its use and valution

Callable bond is a type of bond which allows an issuer to redeem its bonds prior to maturity for specified price. Such a type of bond is very rare in Czech Republic. This scarcity is caused by undeveloped domestic bond market and also by domestic investors being conservative, preferring guaranteed income. Callable bond does not offer such certainty in cash flow. Therefore the aim of this diploma thesis is to provide a complex view on callable bonds, which is hitherto absent in Czech literature. This thesis starts with introduction of the general terms related to callable bonds. In the subsequent chapter, various uses of callable bonds follow. The third part analyses the biggest callable bond market in the world -- the US callable bond market -- and characterizes every particular sector of the market. The last part of the thesis deals with callable bonds' valuation and its advanced analytical measures that are constructed in connection with valuation models.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:113553
Date January 2011
CreatorsLedvina, Jan
ContributorsRadová, Jarmila, Stádník, Bohumil
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageCzech
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

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