Lecture a look at bondholder attitudes

Lynnette PurdaControl by senior loan lenders is positively associated with the yield of corporate bonds, says a researcher who will speak on the topic Friday at the Odette School of Business.

Lynnette Purda, a professor of finance at Queens University’s Smith School of Business, will deliver her free public lecture, entitled “Do Bondholders Value Senior Loan Lender Control Rights?” at 10:30 a.m. March 4 in room 123, Odette Building. It is based on a project she is conducting with her Queens colleague Wei Wang and Bo Li of Tsinghua University.

“Our results suggest that bondholders negatively price senior loan lender control rights outside of financial distress, despite the monitoring benefits they may provide,” says Dr. Purda.

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