Subject category:
Ethics and Social Responsibility
Published by:
Graduate School of Business, The University of Cape Town
Length: 37 pages
Data source: Published sources
Abstract
In July 2013, First Tech, along with its many subsidiaries, was liquidated and subsequently defaulted on its corporate bond. The case is unique in that it was the largest investment-grade corporate bond default to date in South Africa. Furthermore, all the senior and mature stakeholders in the financial sector were somehow involved or invested in the bond. The case's business management question is: What did the team miss, and should they be concerned about the potential for a bond default?
Subject category:
Ethics and Social Responsibility
Published by:
Graduate School of Business, The University of Cape Town
Length: 15 pages
Data source: Published sources
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Abstract
In July 2013, First Tech, along with its many subsidiaries, was liquidated and subsequently defaulted on its corporate bond. The case is unique in that it was the largest investment-grade corporate bond default to date in South Africa. Furthermore, all the senior and mature stakeholders in the financial sector were somehow involved or invested in the bond. The case's business management question is: What did the team miss, and should they be concerned about the potential for a bond default?
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Subject category:
Ethics and Social Responsibility
Published by:
Graduate School of Business, The University of Cape Town
Length: 15 pages
Data source: Published sources