Darden University of Virginia (USA)
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The Case of Sovereign Wealth Funds: A New (Old) Force in the Capital Markets
Allayannis, George (Yiorgos); Loeffler, RachelCase DARDEN-F-1564-EFinanceIn mid-January 2008, Merrill Lynch announced a $6.6 billion mandatory convertible-preferred share issuance, much of which was placed privately with the Kuwait Investment Authority (KIA), the Korean Investment Corporation (KIC), and the Mizuho Corporate Bank. The case is set during the subprime-mortgage crisis, which plagued banks and depleted their capital. It focuses on the decision of John Thain to issue capital and place it with sovereign weal...Starting at €8.20