What are the rationales of interest swaps, Financial Management

Assignment Help:

Question:

i) What are the rationales of interest swaps?

ii) You are the corporate treasurer of LSE International Inc. Your firm, rated as AAA, is able to raise capital in US dollars at a floating rate of LIBOR+0.6% or Canadian dollar at 5.25% flat. However, Ox International ltd, with a rating of BB is only able to receive the capital in US dollar at floating rate of LIBOR +1% or in Canadian Dollar at a fixed rate of 6.75%.

Consider that LSE International Inc wants to borrow in US dollars at a floating rate of interest and Ox International ltd wants to borrow Canadian dollars at a fixed rate of interest. A financial institution is planning to arrange a swap and requires a 50-basis-point spread. If the swap is equally attractive to both LSE International Inc and Ox International Inc, construct a swap and show the rates of interest they
will end up paying.

iii) Are there any risks involved in such a transaction? Briefly discuss.


Related Discussions:- What are the rationales of interest swaps

Ratio analysis and company valuation, As an investment advisor, you have be...

As an investment advisor, you have been approached by a group of professional investors (probably who already have a well-diversified portfolio). They are considering investing in

International financial system, International financial system has always b...

International financial system has always been a debatable and crucial focus of the world discussion and it is mainly due to the repression of the economies especially after the cu

Monte carlo simulation model, Monte Carlo Simulation Model Monte Carlo...

Monte Carlo Simulation Model Monte Carlo simulation is used to analyse to what extent the valuation of the chosen company is dependent on the assumptions. Monte Carlo simulati

Explain dividend policy decision, Q. Explain Dividend Policy Decision? ...

Q. Explain Dividend Policy Decision? Dividend Policy Decision: - The financial management has to make a decision as which portion of the profits is to be distributed as dividen

Cash flow statement, Given below are the cash flows of a project. Find out ...

Given below are the cash flows of a project. Find out the net present value of the project. Cost of capital is 18% and initial investment is Rs. 2,00,000. Year Cash Flows (lakhs)

Case let, Which type of financing is appropriate to each firm

Which type of financing is appropriate to each firm

Market segmentation of the term structure of interest rates, Define the mar...

Define the market segmentation of the term structure of interest rates. Market segmentation: And also the investors’ expectations regarding future interest rates and thei

The value of the quick ratio, Dev's Spa has cash of $50, accounts receivabl...

Dev's Spa has cash of $50, accounts receivable of $60, accounts payable of $200, inventory of $150 and accured expenses of $100. What will be the value of the quick ratio?

What is simply offensive and what is humour, a) Ethics can be a rather prej...

a) Ethics can be a rather prejudiced matter; whether it is ethical to market products directly at children depends on several factors: The age of the children being targeted

Expalin depository institutions, Depository institutions Depository ins...

Depository institutions Depository institutions: intermediaries with a important proportion of their funds derived from customer deposits - include commercial banks - savings i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd