Profiling nonsystematic risk of a bond investor, describes the case of Swedish lottery bond issues of debt management (SNDO). Swedish lottery bonds are a special type of fixed rate financial instrument for Swedish private investors. The peculiarity is that lottery bonds, in contrast to traditional institutional linkages, which usually ensures interest – the voucher – here are just as “wins” paid to bondholders selected in drawings. The event will take place in March 2003 when Anders Holmlund, … Read more »

Profiling nonsystematic risk of a bond investor, describes the case of Swedish lottery bond issues of debt management (SNDO). Swedish lottery bonds are a special type of fixed rate financial instrument for Swedish private investors. The peculiarity is that lottery bonds, in contrast to traditional institutional linkages, which usually ensures interest – the voucher – here are just as “wins” paid to bondholders selected in drawings. The event will take place in March 2003 when Anders Holmlund, head of the analysis is the review of the proposal for the next lottery bond. During the review of the characteristics of the bond, he also holds the bigger picture: What are the benefits of debt management of the issuing lottery bonds, especially in view of a recently launched Internet-based sales system that private investors to participate in the government can take bond auctions?
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from
George Chacko,
Peter Hecht,
Vincent Dessain,
Unlike Sjoman
Source: Harvard Business School
24 pages.
Publication Date: Jul 22, 2003. Prod #: 204048-PDF-ENG
Swedish Lottery Bonds HBR case solution