redeemable bond

简明释义

可赎回债券

英英释义

例句

1.Before purchasing a redeemable bond, it's important to understand the terms of redemption.

在购买 可赎回债券 之前，了解赎回条款是很重要的。

2.A company issued a redeemable bond with a maturity of five years, allowing investors to redeem it at any time.

一家公司发行了一种 可赎回债券，期限为五年，允许投资者随时赎回。

3.Investors are often attracted to a redeemable bond because it offers the option to cash out early.

投资者通常被 可赎回债券 吸引，因为它提供了提前兑现的选项。

4.The redeemable bond can be a safer investment for those who may need access to their funds sooner than expected.

对于那些可能比预期更早需要资金的人来说，可赎回债券 可以是一种更安全的投资。

5.The interest rate on a redeemable bond is typically higher than that of non-redeemable bonds.

与不可赎回债券相比，可赎回债券 的利率通常较高。

作文

In the world of finance, various instruments are available for investors to consider. One such instrument is a redeemable bond, which plays a significant role in both corporate and government financing. A redeemable bond (可赎回债券) is a type of bond that allows the issuer to repurchase the bond at a predetermined price before its maturity date. This feature provides flexibility to the issuer while offering certain advantages and disadvantages to the investors. The primary appeal of a redeemable bond lies in its callability. When interest rates decline, issuers often choose to redeem their bonds early. This allows them to refinance their debt at lower costs, which can be beneficial for their financial health. For example, if an issuer has a redeemable bond with a fixed interest rate of 5% and market rates drop to 3%, they may opt to redeem the bond and issue new ones at the lower rate. From an investor's perspective, investing in a redeemable bond can come with risks. The most significant risk is reinvestment risk. If a bond is redeemed early, the investor may have to reinvest the proceeds at a lower interest rate, reducing their overall returns. Additionally, the price of a redeemable bond might be less attractive compared to non-redeemable bonds, as investors may demand a higher yield to compensate for the uncertainty of early redemption. Moreover, not all redeemable bonds are created equal. They can vary in terms of their call provisions, including the specific dates when they can be redeemed and the price at which they will be repurchased. Some bonds may have a lock-in period where they cannot be redeemed for several years, providing some security to the investor. Understanding these details is crucial for anyone considering investing in a redeemable bond. Another aspect to consider is the impact of credit ratings on redeemable bonds. Just like any other bond, the creditworthiness of the issuer plays a critical role in determining the risk associated with the bond. A bond issued by a company with a strong credit rating is generally considered safer than one from a company with a poor credit rating, even if both bonds are redeemable bonds. Investors must evaluate the issuer's financial health and market position before making an investment decision. In conclusion, a redeemable bond (可赎回债券) is a versatile financial instrument that offers unique opportunities and challenges for both issuers and investors. While it provides issuers with the ability to manage their debt more effectively, it also introduces risks that investors need to carefully assess. Understanding the characteristics of redeemable bonds is essential for anyone looking to navigate the complex landscape of bond investing. As with any investment, thorough research and consideration of individual financial goals are paramount to making informed decisions.