|
I. Introduction to fixed income securities analysis
I.1 Classification of fixed income securities
I.2 Pricing formulas for bills, bankers acceptances, certificates of deposits
I.3 Bond pricing
I.3.1 Bond interest rates classification
I.3.1.1 Coupon Rate
I.3.1.2. Current Yield
I.3.1.3 Yield to Maturity
I.3.1.4 Zero-Coupon Rate
I.3.1.5 Forward Rate
I.3.2 Bonds quotation
I.4 Issuers and buyers of fixed income securities
II. Legal framework for issuing fixed income securities and bond markets
II.1 procedure for issuing of bonds
II.2 EU Legal framework
II.3 Bond markets structure
The term structure of interest rates ? empirical characteristics and classic theories
IV. Zero-Coupon Rate
IV.1 Extracting the zero-coupon rate from bond prices
IV.1.1 Direct and indirect methods
IV.2 Yield curve approximation models
IV.2.1 Polynomial splines
IV.2.2 Parametric models: Nelson ?Siegel extended
V. Bond risks
V.1 Sources for bond risks
V.2 Evaluating interest rate risk: duration and convexity
VI. The Eurobonds
VI.1 Evaluation of the Eurobond market
VI.2 Structuring issues of Eurobonds. The role of financial intermediaries (investment banking)
VI.3 The ESM and the Euro -zone Treasury Eurobonds concept
VII. The interest rate - and credit derivatives
VII.1 The interest rate and credit derivatives definition and classification/
VII.2 Hedging bond portfolio using derivatives
VII.3 Credit derivatives and synthetic securitization
VII.3.1 Case study: securitization of the US mortgage loans
VIII Hybrid securities
VIII.1 Bonds with embedded options: callable and putable bonds
VIII.1.1 Modeling dynamics of interest rate and pricing of callable/putable bonds
VIII.2 Convertible bonds and callable/putable convertibles
VIII.3 Hybrids and other capital structure securities
Covered bonds
ESG finance and green bonds.
Bonds analysis: the case study analysis based on the real data.
|
