...Anthony Shayle Notes there has been a growing awareness of the need to introduce hybrid financial instruments to the property financing market including deep discount, zero coupon and stepped bonds (DDBs). Considers what terms are typically available and where and how they may be applied. Concludes...

...Anthony Shayle Notes there has been a growing awareness of the need to introduce hybrid financial instruments to the property financing market. Examines the characteristics of deep discount, zero coupon and stepped bonds. Discusses cash flow, accounting and taxation. Concludes that these techniques...