Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Supplement
-
Reference no. 9-286-118
Published by: Harvard Business Publishing
Originally published in: 1986
Version: 20 June 1986
Length: 21 pages
Data source: Field research

Abstract

Penney's assistant treasurer was considering various capital markets issues to finance store modernizations. This case provides the financing terms available to Penney for domestic, current, and zero coupon debt. Euro debt, and non-dollar SFr and Yen issues hedged and swapped back to dollar liabilities. Also, Penney is considering using interest rate futures, options, and options on futures to hedge a forthcoming debt issue.
Location:
Industry:
Size:
Large, USD13 billion sales
Other setting(s):
1985

About

Abstract

Penney's assistant treasurer was considering various capital markets issues to finance store modernizations. This case provides the financing terms available to Penney for domestic, current, and zero coupon debt. Euro debt, and non-dollar SFr and Yen issues hedged and swapped back to dollar liabilities. Also, Penney is considering using interest rate futures, options, and options on futures to hedge a forthcoming debt issue.

Settings

Location:
Industry:
Size:
Large, USD13 billion sales
Other setting(s):
1985

Related