BROWSE

Joint Bond

What is 'Joint Bond'

A bond that is guaranteed by a party other than the issuer. A joint bond is an issue which is essentially a liability to multiple parties. These parties may be both corporate entities or government agencies.

Explaining 'Joint Bond'

While joint bonds can include any combination of parties, they are commonly used when a parent company is required to guarantee the bonds of a subsidiary. In such an instance, debt holders may not be interested in taking a debt investment in a subsidiary that may not share a credit rating quite as high as its parent, thus the parent company will act as an additional guarantor on the debt.


Also know as "joint and several bond."


Further Reading


Restoring financial stability in the euro area
papers.ssrn.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

Sovereign bond yield spillovers in the Euro zone during the financial and debt crisisSovereign bond yield spillovers in the Euro zone during the financial and debt crisis
www.sciencedirect.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

Modeling bond yields in finance and macroeconomicsModeling bond yields in finance and macroeconomics
pubs.aeaweb.org [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

BRIC and the US financial crisis: An empirical investigation of stock and bond marketsBRIC and the US financial crisis: An empirical investigation of stock and bond markets
www.sciencedirect.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

Hedging and joint production: Theory and illustrationsHedging and joint production: Theory and illustrations
www.jstor.org [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

Modeling the joint dynamics of risk-neutral stock index and bond yield volatilitiesModeling the joint dynamics of risk-neutral stock index and bond yield volatilities
www.sciencedirect.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

On the joint pricing of stocks and bonds: Theory and evidenceOn the joint pricing of stocks and bonds: Theory and evidence
ideas.repec.org [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

Validating forecasts of the joint probability density of bond yields: Can affine models beat random walk?Validating forecasts of the joint probability density of bond yields: Can affine models beat random walk?
www.sciencedirect.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

Large debt financing: syndicated loans versus corporate bondsLarge debt financing: syndicated loans versus corporate bonds
www.tandfonline.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …

The European bond markets under EMUThe European bond markets under EMU
academic.oup.com [PDF]
… This “Blue Bond Proposal” has become the basis of policy … Weizsäcker propose that euro area member states be allowed to issue sovereign debt of up to 60% of GDP jointly in the form of “Blue Bonds” that enjoy seniority over national debt and that carry a joint and several …


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