Review
"Debt Management should be on the bookshelf of all chief financial officers and corporate treasurers. Finnery and Emery clearly explain how to design an optimal debt instrument to minimize funding costs and how to deal with the refunding decision after issuance."--Frank J. Fabozzi, President, Frank J. Fabozzi Associate, and Adjunct Professor of Finance, School of Management, Yale University
"This book is an invaluable resource to corporate and municipal finance practitioners confronted by the many challenges of debt management. The thorough, scholarly treatment includes both the underpinnings of fixed income theory and real-life illustrations ranging from straightforward bond refundings to subtle tax-driven exchanges."--Andrew Kalotay, Ph.D., Member, Fixed Income Analysts Society Hall of Fame
"Debt Management covers the subject exhaustively, from basic concepts to the most up-to-date techniques. Finnerty and Emery write with commendable clarity and a solid grounding in both t
Product Description
This practical book provides a comprehensive prudent approach to issuing, managing and retiring corporate debt obligations, and can be used by practitioners in every industry. This book explains how companies can use debt as much more than just a source of funds. From start up to traditional blue-chip firms, debt can be a strategic financial instrument. With insights into how factors such as bond valuation methodologies, derivatives, and tax and regulatory restrictions affect the process, the authors provide practitioners in both the US and international debt markets with the information and tools needed to make smart debt management decisions.