subordinated debt

简明释义

附属债务

英英释义

例句

1.Investors should understand that subordinated debt will be repaid only after senior debt in the event of liquidation.

投资者应了解，在清算时，次级债务的偿还顺序是在高级债务之后。

2.Many startups opt for subordinated debt to finance their growth without diluting equity.

许多初创企业选择使用次级债务来融资其增长，而不稀释股权。

3.In the capital structure, subordinated debt is lower in priority than secured loans.

在资本结构中，次级债务的优先级低于担保贷款。

4.The terms of the subordinated debt include a higher interest rate to compensate for the increased risk.

该次级债务的条款包括更高的利率，以补偿增加的风险。

5.The company raised funds through issuing subordinated debt, which carries higher risk but offers better returns for investors.

该公司通过发行次级债务筹集资金，这种债务风险较高，但为投资者提供更好的回报。

作文

Understanding financial concepts is essential for anyone involved in the world of finance. One term that often comes up is subordinated debt, which plays a significant role in the capital structure of companies. To grasp the importance of subordinated debt, we must first understand what it entails and how it differs from other forms of debt. Subordinated debt, or '次级债务' in Chinese, refers to loans or securities that have a lower priority in the event of a liquidation compared to other debts. This means that in case a company goes bankrupt, holders of subordinated debt will only be repaid after all senior debts have been settled. This characteristic makes subordinated debt riskier for investors, but it also offers them higher potential returns. Companies often use subordinated debt as a way to raise capital while maintaining a certain level of control over their operations. By issuing subordinated debt, a company can secure funds without diluting ownership through equity financing. This is particularly beneficial for businesses looking to expand or invest in new projects while retaining their existing shareholder structure.The investors who typically purchase subordinated debt are often institutional investors or hedge funds, who are willing to take on more risk for the prospect of higher yields. The interest rates on subordinated debt are generally higher than those on senior debt to compensate for the increased risk. For instance, if a company issues both senior bonds and subordinated debt, the latter might carry an interest rate that is several percentage points higher than the former. This pricing reflects the risk profile associated with subordinated debt.Moreover, subordinated debt can also serve as a useful tool for financial restructuring. During times of financial distress, companies may seek to convert subordinated debt into equity to improve their balance sheets. This conversion can help reduce the overall debt burden and provide the company with a fresh start. However, this process can dilute existing shareholders' equity, leading to potential conflicts of interest.In conclusion, subordinated debt is a crucial component of corporate finance. It allows companies to access additional funding while providing investors with opportunities for higher returns. Understanding the implications of subordinated debt is vital for both investors and companies alike. As we navigate the complexities of financial markets, having a firm grasp of terms like subordinated debt can empower us to make informed decisions and better manage our financial futures.

理解金融概念对任何参与金融世界的人来说都是至关重要的。一个常常出现的术语是subordinated debt，它在公司的资本结构中扮演着重要角色。要掌握subordinated debt的重要性，我们首先必须理解它的含义以及它与其他债务形式的区别。Subordinated debt，或称为“次级债务”，指的是在清算事件中相对于其他债务具有较低优先权的贷款或证券。这意味着，如果一家公司破产，持有subordinated debt的投资者将在所有优先债务得到偿还后才会被偿还。这一特性使得subordinated debt对投资者而言风险更高，但也为他们提供了更高的潜在回报。公司通常使用subordinated debt作为一种筹集资金的方式，同时保持对其运营的某种控制。通过发行subordinated debt，公司可以在不稀释股权的情况下获得资金。这对希望扩展或投资新项目的企业尤其有利，同时保留现有股东结构。通常购买subordinated debt的投资者往往是机构投资者或对冲基金，他们愿意承担更多风险以期望获得更高收益。Subordinated debt的利率通常高于优先债务，以补偿增加的风险。例如，如果一家公司同时发行优先债券和subordinated debt，后者的利率可能比前者高出几个百分点。这种定价反映了与subordinated debt相关的风险特征。此外，subordinated debt在财务重组中也可以作为一种有用的工具。在财务困境时期，公司可能寻求将subordinated debt转换为股权，以改善其资产负债表。这种转换可以帮助减少整体债务负担，并为公司提供一个新的起点。然而，这一过程可能会稀释现有股东的股权，从而导致潜在的利益冲突。总之，subordinated debt是公司金融中的一个关键组成部分。它使公司能够获得额外资金，同时为投资者提供更高回报的机会。理解subordinated debt的影响对投资者和公司都是至关重要的。在我们导航金融市场的复杂性时，牢牢掌握像subordinated debt这样的术语可以使我们做出明智的决策，更好地管理我们的财务未来。