preference bond

简明释义

优先债券

英英释义

例句

1.The company issued a new preference bond to raise capital for expansion.

公司发行了一种新的优先债券以筹集扩张资金。

2.Investors often choose a preference bond for its fixed income benefits.

投资者通常选择优先债券因为它的固定收益优势。

3.Holders of the preference bond receive dividends before common shareholders.

持有优先债券的投资者在普通股东之前获得分红。

4.Many retirees prefer preference bonds for their stable income streams.

许多退休人员偏爱优先债券，因为它们提供稳定的收入来源。

5.A preference bond can be a safer investment option during economic downturns.

在经济衰退期间，优先债券可以是一个更安全的投资选择。

作文

In the world of finance, various instruments are utilized to raise capital and manage investments. One such instrument is the preference bond, which plays a crucial role in the corporate financing landscape. A preference bond is a type of debt security that typically offers investors a fixed rate of return, similar to traditional bonds, but with certain preferential rights attached. Understanding how preference bonds function and their significance can help both investors and companies make informed decisions.To begin with, the primary feature of a preference bond is its preference in terms of repayment. In the event of a company liquidation, holders of preference bonds are prioritized over common stockholders when it comes to claims on the company's assets. This makes preference bonds a relatively safer investment compared to equities, as they provide a layer of protection for investors.Moreover, preference bonds often come with a fixed interest rate, which means that investors receive regular coupon payments at predetermined intervals. This characteristic appeals to those seeking stable income streams, especially in volatile market conditions. Additionally, the fixed nature of the returns allows investors to predict their earnings more accurately, making preference bonds an attractive option for conservative investors.Another important aspect of preference bonds is their convertibility. Some preference bonds can be converted into common shares of the issuing company at specified times and under certain conditions. This feature provides investors with the potential for capital appreciation, as they can benefit from the growth of the company while still enjoying the fixed income associated with the bond. The ability to convert preference bonds into equity can be particularly appealing during periods of strong market performance.However, investing in preference bonds is not without risks. While they offer more security than common stocks, they still carry credit risk. If the issuing company faces financial difficulties, it may default on its obligations, leading to potential losses for bondholders. Additionally, the fixed interest payments may become less attractive if interest rates rise, as investors might prefer newer bonds offering higher yields.In conclusion, preference bonds serve as a vital tool for companies looking to raise capital while providing investors with a relatively secure investment option. Their preferential treatment in liquidation scenarios, fixed interest rates, and potential convertibility into equity make them an appealing choice for many. However, as with any investment, it is essential for investors to conduct thorough research and consider their financial goals and risk tolerance before investing in preference bonds. By understanding the nuances of preference bonds, both companies and investors can navigate the complex world of finance more effectively.

在金融世界中，各种工具被用来筹集资本和管理投资。其中一种工具是优先债券，它在企业融资领域中发挥着关键作用。优先债券是一种债务证券，通常为投资者提供固定的回报率，类似于传统债券，但附带某些优先权。理解优先债券的运作方式及其重要性可以帮助投资者和公司做出明智的决策。首先，优先债券的主要特点是其偿还的优先权。在公司清算的情况下，优先债券的持有者在索取公司资产时优先于普通股东。这使得优先债券相较于股票成为一种相对安全的投资，因为它为投资者提供了一层保护。此外，优先债券通常具有固定的利率，这意味着投资者可以在预定的时间间隔内收到定期的票息支付。这一特性吸引了那些寻求稳定收入来源的投资者，特别是在波动的市场环境中。此外，固定收益的性质使得投资者能够更准确地预测他们的收益，使得优先债券成为保守投资者的一个有吸引力的选择。优先债券的另一个重要方面是其可转换性。有些优先债券可以在特定时间和条件下转换为发行公司的普通股票。这一特性为投资者提供了资本增值的潜力，因为他们可以在享受与债券相关的固定收入的同时，从公司的增长中受益。在强劲市场表现期间，能够将优先债券转换为股票可能尤为吸引人。然而，投资优先债券并非没有风险。尽管它们比普通股票提供了更多的安全性，但仍然存在信用风险。如果发行公司面临财务困难，可能会违约，导致债券持有者可能遭受损失。此外，如果利率上升，固定的利息支付可能变得不那么有吸引力，因为投资者可能更倾向于选择新发行的提供更高收益的债券。总之，优先债券作为公司筹集资本的重要工具，同时为投资者提供相对安全的投资选择。它们在清算情境中的优先待遇、固定利率和转为股权的潜在可能性使它们对许多人具有吸引力。然而，和任何投资一样，投资者在投资优先债券之前必须进行彻底的研究，并考虑他们的财务目标和风险承受能力。通过理解优先债券的细微差别，公司和投资者可以更有效地在复杂的金融世界中导航。