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