In most M&A deals, one of the first documents that parties to transaction must negotiate is the Term Sheet or Letter of Intent. This is a non-binding agreement between parties confirming their intention to enter into a transaction and a summary of the material terms of the deal. It also allows the parties to determine
Bonds are becoming an attractive investment channel because of their alluring interest rate and that bond issuance is generally underwritten by credit institutions. As other investment channels, risks and profits are the main concern of every investor. Their decisions depend on one, and only one, factor: information.