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王昕彤 · 2025年02月10日

如题

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NO.PZ202411040100001103

问题如下:

Q. Discuss why the buyers of the high-yield bonds may want a change of control provision included as a restrictive covenant.

选项:

解释:

If Bardstown sells Peerland before the high-yield bonds mature in eight years, the bondholders will benefit from the change of control provision and will be able to collect a premium to par value. Without the provision, Bardstown could simply use the sale proceeds and buy back the debt at prevailing market prices.

不太理解这道题的意思,请老师用中文解释一下

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