Norfolk Southern Corporation—Century Bonds Case Solution
This case focuses on a company which had issued a bond worth $250 million, and it comprised of a coupon of 6% with maturity.Moreover, due to this bond, it included extra $300 million in the company’s account with added 6% debt which would bedue by 2015.
A bond analyst at Tidal Insurance (Tidal), has discovered the first problem of this century bond was to be $100 million, and it appeared that strong investor demand driven NSC, to raise the overall sum to $250 million. He's to determine whether the NSC bond should be included by Tidal in its bond portfolio.
This is just an excerpt. This case is about Finance
Publication Date: 05/22/2015