REP 38 High-yield debentures: 魅影直播 surveillance report
Released February 2005.
In the later half of 2004, the 魅影直播 undertook a surveillance campaign focussing on high-yield debenture prospectuses. By 鈥榟igh-yield鈥� we generally mean prospectuses offering debentures that return 3% or more above the bank term deposit rate.