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Americas Core Credit: Covenants 101 - Redemptions and the Primary Market (Oct. 8, 2021)

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Premium Redemption and New Debt

This chapter analyzes the issues of premium redemption and new debt in the primary market. It discusses the differences between primary investors and secondary investors in the debt market and highlights the use of scoring systems and a new system called 'rear coverings flex scale' for bond and credit agreement analysis.

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