easy · Debt Capital Markets primary-issuance-syndication
In a bridge takeout, what is 'carry' cost for the issuer?
- The profit the bank makes by holding the bridge loan on its balance sheet.
- The interest expense incurred on the new bonds before the bridge loan is officially retired.
- The total amount of fees paid to the legal counsel and accountants.
- The physical cost of transporting bond certificates to investors.
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