Word: bondses
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Corporations as well as individuals suffered. Up to then, companies had been financing new factories and equipment by issuing long-term bonds paying well under 10%. By the late '70s, however, the pension fund managers, insurance company executives and other moneymen who bought the bulk of the bonds began...
The state has already responded to the increased need Gov. Edward I King last January authorized the Commonwealth to float bonds increasing money for student loans. An official for the Association for Independent Colleges and Universities in Massachusetts (AICUM), a higher education lobbying group said yesterday that while they support...
They raise this money in the commercial paper market, where corporate lOUs are generally sold in denominations of $1 million and more to major investors like insurance companies and pension funds. While the market for long-term bonds shrank 20% in the past year, the amount of commercial paper outstanding...
Western moneymen are confident that they will be able to handle the problems of fewer petrodollars and new OPEC borrowing. They point out that the principal and interest due this year on all bonds issued in the European market will come to $24 billion, which dwarfs the amount of OPEC...
Small businessmen are not alone in scrambling to make a buck. The fair's organizers are big businessmen who conceived it as a profit-making venture as well as a civic-spirited showcase. The fair and adjacent real estate developments were financed by an intricate combination of private money...