junior bond; overlying bond

简明释义

次级债券

英英释义

例句

1.Investors often prefer senior debt over junior bond 次级债券 due to its lower risk.

投资者通常更喜欢高级债务而不是junior bond 次级债券，因为其风险较低。

2.During the restructuring, holders of the junior bond 次级债券 faced significant losses.

在重组期间，junior bond 次级债券的持有者遭受了重大损失。

3.The junior bond 次级债券 typically offers higher interest rates to compensate for its increased risk.

由于风险增加，junior bond 次级债券通常提供更高的利率作为补偿。

4.A company may issue overlying bond 优先债券 to attract investors looking for safer options.

公司可能会发行overlying bond 优先债券以吸引寻求更安全选择的投资者。

5.The overlying bond 优先债券 provides a higher claim on assets in case of liquidation.

在清算的情况下，overlying bond 优先债券提供了对资产的更高索赔权。

作文

In the world of finance, understanding different types of bonds is crucial for both investors and issuers. Among these, the terms junior bond (次级债券) and overlying bond (优先债券) represent two distinct categories that play significant roles in capital structure and risk assessment. A junior bond refers to a bond that has a lower priority in the event of liquidation compared to other debts. This means that if a company goes bankrupt, holders of junior bonds will only receive their payments after all senior debt obligations have been met. Because of this higher risk, junior bonds typically offer higher yields to attract investors. They are often issued by companies looking to raise capital without diluting equity ownership or when they have already reached their limit on issuing senior debt. Investors in junior bonds must carefully assess the issuing company's financial health, as the likelihood of receiving their principal back depends heavily on the company's ability to meet its obligations.On the other hand, an overlying bond is a type of bond that has a superior claim over other forms of debt in the capital structure. This means that in the event of liquidation, holders of overlying bonds will be paid before any junior bonds or other subordinate debts. The prioritization of overlying bonds makes them a safer investment, often resulting in lower yields compared to junior bonds. Investors seeking stability and lower risk might prefer overlying bonds, especially during economic downturns when the risk of default increases. The appeal of overlying bonds lies in their ability to provide a more secure return on investment, making them suitable for conservative investors.The relationship between junior bonds and overlying bonds can also be viewed through the lens of capital structure. Companies often use a combination of both types of bonds to optimize their financing strategies. By issuing overlying bonds, they can secure immediate funding while maintaining a level of financial flexibility through junior bonds. This balanced approach allows them to manage risk effectively while still attracting diverse types of investors.In conclusion, both junior bonds and overlying bonds serve important functions in the financial markets. Understanding their differences can help investors make informed decisions based on their risk tolerance and investment goals. While junior bonds offer the potential for higher returns, they come with increased risk, whereas overlying bonds provide greater security at the cost of lower yields. By carefully analyzing these instruments, investors can navigate the complexities of bond investing and build a portfolio that aligns with their financial objectives.

在金融世界中，理解不同类型的债券对于投资者和发行者来说至关重要。在这些债券中，junior bond（次级债券）和overlying bond（优先债券）代表了两种不同的类别，它们在资本结构和风险评估中发挥着重要作用。junior bond指的是在清算事件中相较于其他债务具有较低优先权的债券。这意味着，如果一家公司破产，junior bond的持有者将在所有高级债务义务得到履行后，才会收到他们的付款。由于这种更高的风险，junior bond通常提供更高的收益率以吸引投资者。它们通常由希望筹集资金而不稀释股权所有权的公司发行，或者是在已经达到了发行高级债务的限制时。投资junior bond的投资者必须仔细评估发行公司的财务健康状况，因为收回本金的可能性在很大程度上取决于该公司履行其义务的能力。另一方面，overlying bond是一种在资本结构中对其他债务形式具有优先索赔权的债券。这意味着在清算事件中，overlying bond的持有者将会在任何junior bond或其他次级债务之前获得支付。overlying bond的优先权使其成为一种更安全的投资，通常导致其收益率低于junior bond。寻求稳定性和较低风险的投资者可能更倾向于选择overlying bond，尤其是在经济衰退期间，此时违约风险增加。overlying bond的吸引力在于其能够提供更安全的投资回报，使其适合保守型投资者。从资本结构的角度来看，junior bond与overlying bond之间的关系也可以被视为公司优化融资策略的一部分。通过发行overlying bond，公司可以在保持一定财务灵活性的同时获得即时资金，而这通常是通过junior bond来实现的。这种平衡的方法使他们能够有效管理风险，同时吸引多样化的投资者。总之，junior bond和overlying bond在金融市场中都发挥着重要作用。理解它们之间的差异可以帮助投资者根据自己的风险承受能力和投资目标做出明智的决策。虽然junior bond提供了更高的回报潜力，但它们伴随着更高的风险，而overlying bond则以较低的收益为代价提供了更大的安全性。通过仔细分析这些金融工具，投资者可以驾驭债券投资的复杂性，并建立一个与其财务目标相符的投资组合。