Free Subscription to CFO Magazine

You are here: Home : CFO Magazine : March 2001 Issue : Article

E-bonds: Will They Fly?

(continued)

Three companies have conducted online Dutch auctions of their bonds. Deutsche's auction lasted 21 hours. Bear, Stearns's began 2 hours after Deutsche's, but ended first. Both claim to be first.

CompanyDateWeb locationIssue descriptionClearing priceNumber of investors
Deutsche BankAug. 10, 2000www.dbbonds.com$250 million, 3-year bond111.5 basis points23
Bear, StearnsAug. 10, 2000www.bearstearns.com$700 million, 7-year bond182 basis points57
DowAug. 15, 2000www.openbook.com$300 million, 5-year bond101 basis points57

Source: Issuers


Reader Comments» Post a comment

advertisement

Related White Papers

» More Related White Papers

Business Solutions Center

» More Business Solutions Center Links

advertisement

We Deliver

Newsletters

Webcasts

Enter your email address to begin receiving updates on these topics.