redeemable debenture

简明释义

可赎回公司债

英英释义

例句

1.A redeemable debenture is often seen as less risky compared to non-redeemable ones.

与不可赎回债券相比，可赎回债券通常被视为风险较小。

2.The redeemable debenture allows the issuer to buy back the bonds at a predetermined price.

该可赎回债券允许发行人在预定价格下回购债券。

3.After three years, the company decided to redeem the redeemable debenture early.

三年后，公司决定提前赎回可赎回债券。

4.The company issued a redeemable debenture to raise funds for its new project.

公司发行了一种可赎回债券以筹集新项目的资金。

5.Investors were attracted to the high interest rates offered by the redeemable debenture.

投资者被可赎回债券提供的高利率所吸引。

作文

In the world of finance, various instruments are used by companies to raise capital for their operations and growth. One such instrument is the redeemable debenture, which plays a crucial role in corporate financing. A redeemable debenture is a type of debt security that allows the issuer to repurchase or 'redeem' the bond at a specified price after a certain period. This feature makes it distinct from non-redeemable debentures, which do not offer this option to the issuer. Understanding the implications of redeemable debentures can help investors make informed decisions regarding their investments.The primary purpose of issuing redeemable debentures is to provide companies with immediate funds while giving them the flexibility to manage their debt levels effectively. For instance, if a company anticipates an increase in its cash flow in the future, it may issue redeemable debentures with the intention of redeeming them once the cash flow improves. This strategic approach allows the company to take advantage of favorable market conditions and potentially lower its cost of capital.Investors are often attracted to redeemable debentures because they offer a fixed interest rate, providing a predictable income stream. Additionally, the redeemable feature adds a layer of security for investors, as they can expect to receive their principal back after the redemption period. However, it is essential for investors to carefully evaluate the terms of the redeemable debenture, including the redemption price and the time frame for redemption, as these factors can significantly impact the overall return on investment.Moreover, the market conditions at the time of redemption can influence the decision of whether or not to redeem the debenture. If interest rates have risen since the issuance of the redeemable debenture, the issuer might choose to redeem the bonds to avoid paying a higher interest rate on new debt. Conversely, if market conditions are unfavorable, the issuer may decide to hold onto the debenture longer, which could affect the investor's expectations.From a risk perspective, redeemable debentures are generally considered less risky than other forms of debt, such as equity. However, they still carry risks, particularly related to the creditworthiness of the issuer. Investors should conduct thorough due diligence to assess the financial health of the issuing company before investing in redeemable debentures. A company facing financial difficulties may struggle to honor its obligations, leading to potential losses for investors.In conclusion, redeemable debentures serve as a vital financial tool for companies seeking to optimize their capital structure while providing investors with a relatively secure investment option. By understanding the mechanics and implications of redeemable debentures, both issuers and investors can navigate the complexities of corporate finance more effectively. As with any investment, careful consideration of the associated risks and benefits is essential for making informed decisions in the ever-evolving financial landscape.

在金融世界中，各种工具被公司用来为其运营和增长筹集资金。其中一种工具是可赎回债券，它在公司融资中发挥着至关重要的作用。可赎回债券是一种债务证券，允许发行人在特定时间后以指定价格回购或“赎回”该债券。这一特性使其与不可赎回债券有所不同，后者不提供此选项给发行人。理解可赎回债券的含义可以帮助投资者就其投资做出明智的决策。发行可赎回债券的主要目的是为公司提供即时资金，同时给予他们有效管理债务水平的灵活性。例如，如果一家公司预期未来现金流会增加，它可能会发行可赎回债券，打算在现金流改善后进行赎回。这种战略方法使公司能够利用有利的市场条件，并可能降低其资本成本。投资者通常被可赎回债券所吸引，因为它们提供固定的利率，提供可预测的收入流。此外，赎回特性为投资者增加了一层安全性，因为他们可以期待在赎回期后收回本金。然而，投资者必须仔细评估可赎回债券的条款，包括赎回价格和赎回时间框架，因为这些因素可能会显著影响整体投资回报。此外，赎回时的市场条件可能会影响是否赎回债券的决策。如果自可赎回债券发行以来利率上升，发行人可能会选择赎回债券，以避免在新债务上支付更高的利率。相反，如果市场条件不利，发行人可能决定更长时间地持有债券，这可能会影响投资者的预期。从风险角度来看，可赎回债券通常被认为比其他形式的债务（如股权）风险较小。然而，它们仍然存在风险，特别是与发行人的信用worthiness相关。投资者应进行彻底的尽职调查，以评估发行公司的财务健康状况，然后再投资于可赎回债券。面临财务困难的公司可能会难以履行其义务，从而导致投资者潜在的损失。总之，可赎回债券作为一种重要的金融工具，为寻求优化资本结构的公司提供了机会，同时为投资者提供了一种相对安全的投资选择。通过理解可赎回债券的机制和含义，发行人和投资者都可以更有效地驾驭企业融资的复杂性。与任何投资一样，仔细考虑相关的风险和收益对于在不断发展的金融环境中做出明智的决策至关重要。