Abstract:This paper has two main aims: to conduct a survey of the main characteristics of debentures issued by Brazilian companies in the last ten years and check which variables influenced the determination of debenture coupons. In order to do so, the information of 1,520 debentures issued in Brazil from 2004 to 2013 was analyzed. The main findings of the exploratory study were that most of the debentures issued offered neither fixed nor floating charges; that the average security maturity was about six years; that… Show more
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