债券拍卖继续得到充分认购。
“它们新债券的认购情况良好,次级市场上的交易也很活跃,流通性很充分。”网站上这样说。
"Their new bonds are well subscribed and transactions in the secondary market are active, while liquidity is ample," it said.
它要求管理人员作出决定,股东财富最大化,即债券持有人得到充分的保护,从征用,市场效率和社会成本是微不足道的。
It requires that managers take decisions that maximize stockholder wealth, that bondholders be fully protected from expropriation, that markets be efficient and that social costs be negligible.
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