call premium on bonds

简明释义

提前偿还债券贴水

英英释义

例句

1.Investors should be aware of the call premium on bonds 债券的赎回溢价 when purchasing callable bonds.

投资者在购买可赎回债券时应注意 call premium on bonds 债券的赎回溢价。

2.Understanding the call premium on bonds 债券的赎回溢价 is crucial for bond investors looking for predictable cash flows.

理解 call premium on bonds 债券的赎回溢价 对于寻求可预测现金流的债券投资者至关重要。

3.When interest rates fall, issuers may choose to pay the call premium on bonds 债券的赎回溢价 to refinance at lower rates.

当利率下降时，发行人可能会选择支付 call premium on bonds 债券的赎回溢价 以便以更低的利率再融资。

4.The call premium on bonds 债券的赎回溢价 can affect the overall return on investment.

call premium on bonds 债券的赎回溢价 会影响整体投资回报。

5.The call premium on bonds 债券的赎回溢价 is typically set at a percentage of the bond's face value.

call premium on bonds 债券的赎回溢价 通常设定为债券面值的一定百分比。

作文

When investing in bonds, it is crucial for investors to understand various terms that can significantly affect their investment returns. One such term is call premium on bonds, which refers to the additional amount that a bond issuer must pay to bondholders if they decide to redeem the bonds before the maturity date. This practice is often seen in callable bonds, which give issuers the right to call back the bonds at a predetermined price after a certain period. Understanding the concept of call premium on bonds is essential for both investors and financial analysts, as it directly impacts the bond's yield and overall investment strategy.Callable bonds are typically issued when interest rates are high, allowing issuers to take advantage of favorable market conditions. If interest rates decrease after the issuance, issuers may choose to exercise their call option, redeeming the bonds early and potentially refinancing at a lower rate. This scenario can be detrimental to investors who may have expected to hold the bonds until maturity. The call premium on bonds serves as a form of compensation for investors, acknowledging the risk they take when purchasing callable bonds.For example, suppose an investor buys a callable bond with a face value of $1,000 and a stated interest rate of 5%. If the bond is called after five years, the issuer might pay a call premium on bonds of $50, resulting in a total payout of $1,050. This premium helps to offset the potential loss of future interest payments that the investor would have received had the bond remained outstanding until maturity.The calculation of the call premium on bonds can vary based on several factors, including the time remaining until maturity and the prevailing interest rates. Investors should carefully analyze these factors when considering the purchase of callable bonds. Additionally, the presence of a call premium on bonds can influence the bond's pricing in the secondary market. Typically, bonds with higher call premiums will trade at lower prices compared to similar non-callable bonds, reflecting the additional risk associated with the call feature.In conclusion, the concept of call premium on bonds is a critical aspect of bond investing that cannot be overlooked. Investors need to be aware of how callable bonds work and the implications of a call premium on their investment returns. By understanding this term, investors can make more informed decisions and better manage the risks associated with their bond portfolios. The call premium on bonds not only serves as a financial safeguard for investors but also plays a significant role in the overall dynamics of the bond market.

当投资债券时，投资者必须理解各种术语，这些术语可能会显著影响他们的投资回报。其中一个术语是债券的赎回溢价，它指的是如果债券发行人决定在到期日前赎回债券，必须支付给债券持有人的额外金额。这种做法通常出现在可赎回债券中，这类债券赋予发行人在特定期限后以预定价格赎回债券的权利。理解债券的赎回溢价的概念对于投资者和金融分析师至关重要，因为它直接影响债券的收益率和整体投资策略。可赎回债券通常在利率较高时发行，使发行人能够利用有利的市场条件。如果发行后利率下降，发行人可能会选择行使其赎回选项，提前赎回债券，并可能以较低的利率再融资。这种情况对投资者可能是有害的，因为他们可能预计持有债券直到到期。债券的赎回溢价作为对投资者的一种补偿，承认了他们购买可赎回债券时所承担的风险。例如，假设一位投资者购买了一只面值为1000美元、票面利率为5%的可赎回债券。如果该债券在五年后被赎回，发行人可能会支付50美元的债券的赎回溢价，从而导致总支付为1050美元。这一溢价有助于抵消投资者在债券到期时本应获得的未来利息支付的潜在损失。债券的赎回溢价的计算可能会根据多个因素而变化，包括到期前的剩余时间和当前利率。投资者在考虑购买可赎回债券时，应仔细分析这些因素。此外，债券的赎回溢价的存在可能会影响二级市场中债券的定价。通常，具有较高赎回溢价的债券与类似的不可赎回债券相比，交易价格较低，反映出与赎回特征相关的额外风险。总之，债券的赎回溢价的概念是债券投资中不可忽视的一个关键方面。投资者需要了解可赎回债券的运作方式及其对投资回报的影响。通过理解这一术语，投资者可以做出更明智的决策，更好地管理与债券投资组合相关的风险。债券的赎回溢价不仅为投资者提供了财务保障，而且在债券市场的整体动态中也发挥着重要作用。