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Changes in issuance procedures and techniques
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | Issuance conditions have become tougher with sometimes weak demand at auctions (lower cover ratios) and greater auction tails reflecting relatively unsuccessful auction results. This chapter explains that many debt management offices had at times to adjust their issuance procedures and techniques so as to cope with unprecedented volatility, increased competition in raising funds and (potential) market absorption problems. The chapter also provides an overview of changes made in issuance procedures and the introduction of new distribution channels. It also concludes that maintaining a diversified investor base has become more important than before. |
| Page Count | 10 |
| Starting Page | 55 |
| Ending Page | 64 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2012-03-01 |
| Access Restriction | Open |
| Subject Keyword | Finance and Investment Governance |
| Content Type | Text |
| Resource Type | Chapter |
