Secondary curve: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: Linked pages.) |
imported>Doug Williamson (Add link.) |
||
| Line 22: | Line 22: | ||
* [[Maturity]] | * [[Maturity]] | ||
* [[Premium]] | * [[Premium]] | ||
* [[Secondary]] | |||
* [[Secondary market]] | * [[Secondary market]] | ||
* [[Sustainability-linked bond]] (SLB) | * [[Sustainability-linked bond]] (SLB) | ||
Latest revision as of 15:51, 5 April 2022
Securities - pricing.
A secondary yield curve describes the prices of securities trading in the secondary market, differentiated by their maturities.
For an individual issuer, its secondary curve is built from the prices of its own securities currently trading in the secondary market.
- Tesco's SLB priced 15bps inside secondary curve
- "Investor interest in sustainability-linked bonds (SLB) is clear from the ‘greenium’ or pricing benefits issuers have enjoyed.
- Tesco’s [January 2021] SLB, for example, priced 15bps inside its secondary curve."
- Agnes Gourc and Cecile Moitry - co-heads, sustainable finance markets - BNP Paribas - The Treasurer online - 10 June 2021
