• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Thesis
  • Student Papers
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Thesis
  • Student Papers
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Nordea kraftobligasjon index bond : value and expected return estimated by a retail investor

Andreev, Valeri
Master thesis
Thumbnail
View/Open
Andreev 2008.pdf (1.109Mb)
URI
http://hdl.handle.net/11250/170303
Date
2008
Metadata
Show full item record
Collections
  • Student Papers [69]
Abstract
Index Bonds are a particular form of a structured investment product that consists of a bond element and a return element. The bond element is based on the guaranteed amount repaid to the investor at maturity. The return element is typically a bundle of options on an index or financial asset, scaled by a participation factor. Nordea Kraftobligasjon was the first Norwegian index bond with electricity forward contracts as underlying.

This thesis demonstrates the analysis that an investor should perform to be able to make an independent and prudent decision on whether or not to invest in Nordea Kraftobligasjon XV. The results indicate that an investor could pay as much as 3,5% to 4,5% in commission fee in addition to up to 3% in subscription fee. The expected return on the investment is estimated at approx. 3,5% p.a., compared with the risk-free rate of 4,5% p.a.

The thesis illustrates what methodological and practical challenges an investor can meet analysing an index bond on electricity contracts.

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit