original issue premium

简明释义

原发行溢价

英英释义

例句

1.The original issue premium on this stock indicates that it was sold above its par value.

这只股票的原始发行溢价表明它的发行价格高于面值。

2.The original issue premium can affect the overall yield of a bond investment.

对于债券投资来说，原始发行溢价会影响整体收益率。

3.Investors are often drawn to securities that have an original issue premium because of the potential for higher returns.

投资者通常会被具有原始发行溢价的证券吸引，因为它们有更高收益的潜力。

4.The company issued bonds with an original issue premium to attract more investors.

该公司发行了带有原始发行溢价的债券，以吸引更多投资者。

5.When calculating capital gains, it's important to consider the original issue premium paid at purchase.

在计算资本收益时，考虑购买时支付的原始发行溢价是很重要的。

作文

The concept of original issue premium is essential in the world of finance, particularly when dealing with bonds and other debt instruments. When a bond is issued, it can either be sold at par, at a discount, or at a premium. The original issue premium refers specifically to the amount by which the price of a bond exceeds its face value at the time of issuance. This premium arises due to various factors, including market demand, interest rates, and the creditworthiness of the issuer.To understand this better, let’s consider an example. Suppose a corporation issues a bond with a face value of $1,000, but due to high demand and favorable market conditions, investors are willing to pay $1,100 for it. In this case, the original issue premium would be $100. This premium indicates that investors have a strong belief in the corporation's ability to meet its obligations, and they are willing to pay extra for the perceived safety and reliability of the investment.The original issue premium is not just a financial term; it has practical implications for both investors and issuers. For investors, purchasing a bond at a premium means they will receive a lower yield compared to the bond’s coupon rate. This is because the yield is calculated based on the total cost of the bond, which includes the premium paid over the face value. Therefore, understanding the original issue premium is crucial for investors to evaluate the true return on their investments.From the issuer's perspective, offering bonds at a premium can be advantageous. It allows them to raise capital more effectively while keeping interest payments lower than they would be if the bonds were issued at par or at a discount. By issuing bonds at a premium, the issuer can attract more investors who are looking for stable returns, thereby increasing the overall demand for their securities.Additionally, the original issue premium can affect the tax implications for both parties involved. In many jurisdictions, the premium may be amortized over the life of the bond, which can impact the taxable income for the investor. Understanding how the original issue premium works is essential for tax planning and investment strategies.In conclusion, the original issue premium plays a significant role in the bond market. It reflects the relationship between supply and demand, as well as the perceptions of risk associated with different issuers. Investors must consider this premium when assessing potential investments, as it influences both yield and tax consequences. Similarly, issuers can leverage the original issue premium to optimize their financing strategies and attract a broader range of investors. Overall, grasping the nuances of the original issue premium is vital for anyone involved in the financial markets, whether as an investor or an issuer.

“原始发行溢价”在金融世界中是一个重要的概念，尤其是在处理债券和其他债务工具时。当一只债券被发行时，它可以以面值、折扣或溢价出售。“原始发行溢价”特指债券在发行时价格超过其面值的金额。这种溢价产生于各种因素，包括市场需求、利率和发行人的信用状况。为了更好地理解这一点，让我们考虑一个例子。假设一家公司发行了一只面值为$1,000的债券，但由于需求旺盛和市场条件有利，投资者愿意以$1,100的价格购买。在这种情况下，“原始发行溢价”将为$100。这种溢价表明投资者对公司的偿债能力有强烈信心，他们愿意为投资的安全性和可靠性支付额外费用。“原始发行溢价”不仅仅是一个金融术语；它对投资者和发行人都有实际影响。对于投资者而言，以溢价购买债券意味着他们将获得比债券的票息率更低的收益。这是因为收益是基于债券的总成本计算的，包括超过面值支付的溢价。因此，理解“原始发行溢价”对投资者评估投资的真实回报至关重要。从发行人的角度来看，以溢价发行债券可能是有利的。这使他们能够更有效地筹集资本，同时保持利息支付低于如果债券以面值或折扣发行时的水平。通过以溢价发行债券，发行人可以吸引更多寻求稳定回报的投资者，从而增加其证券的整体需求。此外，“原始发行溢价”还可能影响双方的税务影响。在许多司法管辖区，溢价可能在债券的生命周期内进行摊销，这可能会影响投资者的应税收入。理解“原始发行溢价”如何运作对于税务规划和投资策略至关重要。总之，“原始发行溢价”在债券市场中扮演着重要角色。它反映了供求关系以及与不同发行人相关的风险感知。投资者在评估潜在投资时必须考虑这一溢价，因为它影响收益和税务后果。同样，发行人可以利用“原始发行溢价”来优化融资策略并吸引更广泛的投资者群体。总体而言，掌握“原始发行溢价”的细微差别对于任何参与金融市场的人，无论是投资者还是发行人，都是至关重要的。