Word: bondses
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Japan has long been renowned for its procession of bestselling products: cars and cameras, radios and record players, steel and semiconductors. In the future it will also be an important source of a more basic commodity: money. As Japan's trade surplus mushrooms, the country is raking in much more...
Stock-market gamblers are not the only investors nursing wounds from 1984. The value of gold dropped 20%; silver was down 30%. Some antiques, however, kept their burnish. The price of Chinese ceramics rose 6%. One of the best investment bets in 1984 was bonds. The average return for high...
The original $229 million issue--known as Series E--carries a fixed rate. Financial Vice President Thomas O'Brien said the refinanced portion carries a variable rate, which will effectively reduce Harvard's borrowing costs over the 30-year life of the bonds.
A major portion of that debt came when the University in August 1983 sold $350 million in bonds to pay for the construction and interest costs on the Medical Area Total Energy Plant (MATEP).
A crucial uncertainty for Union Carbide is whether courts will conclude that it was negligent and therefore assess punitive as well as compensatory damages. In general, insurance policies do not cover punitive damages. Standard & Poor's estimated that Union Carbide could absorb up to $300 million in accident-related...