redemption premium
简明释义
赎债溢价
英英释义
A redemption premium is the additional amount paid by an issuer to bondholders when redeeming a bond before its maturity date, above the bond's face value. | 赎回溢价是指发行人在到期日前赎回债券时,支付给债权人超过债券面值的额外金额。 |
例句
1.The redemption premium can vary based on the terms of the bond agreement and market conditions at the time of redemption.
在赎回时,赎回溢价可能会根据债券协议的条款和当时的市场条件而有所不同。
2.A higher redemption premium might indicate that the issuer is facing financial difficulties and wants to incentivize early bond redemption.
较高的赎回溢价可能表明发行人面临财务困难,并希望激励提前赎回债券。
3.When the market interest rates rise, issuers may offer a redemption premium to make their bonds more attractive to investors.
当市场利率上升时,发行人可能会提供赎回溢价以使其债券对投资者更具吸引力。
4.The bond issuer offered a redemption premium to attract investors, ensuring they would receive more than the face value upon early redemption.
债券发行人提供了一个赎回溢价以吸引投资者,确保他们在提前赎回时会收到超过面值的金额。
5.Investors should carefully evaluate the redemption premium when considering corporate bonds, as it can significantly affect total returns.
投资者在考虑公司债券时应仔细评估赎回溢价,因为它可能会显著影响总回报。
作文
In the world of finance, various terms are essential for understanding the intricacies of investments and securities. One such term is redemption premium, which plays a crucial role in bond markets and other fixed-income securities. The redemption premium refers to the additional amount that an issuer must pay to bondholders when they redeem their bonds before the maturity date. This premium serves as an incentive for investors to hold onto their bonds until maturity, providing them with a form of security against early redemption. When a company issues bonds, it typically sets a fixed interest rate and a maturity date. However, circumstances may arise that lead the issuer to redeem the bonds early. This could be due to falling interest rates, where the issuer can refinance their debt at a lower cost, or it may be due to a strategic shift within the company. In such cases, the issuer must compensate the bondholders for the early termination of their investment through a redemption premium. Understanding the concept of redemption premium is vital for investors, as it directly impacts their returns. When investing in bonds, one must consider not only the interest payments but also the potential for early redemption. If an investor holds a bond that gets redeemed early, they might miss out on future interest payments, making the redemption premium an essential factor in calculating the overall yield of the investment. Moreover, the size of the redemption premium can vary based on market conditions and the specific terms outlined in the bond agreement. For instance, some bonds have a set redemption premium that remains constant, while others may have a fluctuating premium based on prevailing interest rates. This variability adds another layer of complexity for investors trying to assess the value of their bond investments. The redemption premium can also influence the pricing of bonds in the secondary market. Investors looking to buy or sell bonds will take into account the likelihood of early redemption and the associated premium. A bond with a high redemption premium may be less attractive to potential buyers if they believe that the issuer is likely to redeem it before maturity. Conversely, a bond with a low or no redemption premium may be seen as more favorable, as it indicates a lower risk of early redemption. In conclusion, the concept of redemption premium is integral to understanding the dynamics of bond investments. It not only affects the returns for investors but also plays a significant role in the pricing and trading of bonds in the market. By grasping the implications of the redemption premium, investors can make more informed decisions and better navigate the complexities of fixed-income securities. As the financial landscape continues to evolve, keeping abreast of terms like redemption premium will remain essential for anyone involved in investing or finance.
在金融世界中,各种术语对于理解投资和证券的复杂性至关重要。其中一个术语是赎回溢价,它在债券市场和其他固定收益证券中起着关键作用。赎回溢价是指当发行人提前赎回债券时,必须支付给债券持有人的额外金额。这一溢价作为一种激励,促使投资者持有债券直到到期,为他们提供了一种对抗提前赎回的安全保障。当一家公司发行债券时,通常会设定固定的利率和到期日。然而,可能会出现导致发行人提前赎回债券的情况。这可能是由于利率下降,发行人可以以更低的成本为其债务再融资,或者可能是由于公司内部的战略调整。在这种情况下,发行人必须通过赎回溢价来补偿债券持有人投资的提前终止。理解赎回溢价的概念对投资者至关重要,因为它直接影响他们的回报。在投资债券时,除了考虑利息支付外,还必须考虑提前赎回的可能性。如果投资者持有的债券被提前赎回,他们可能会错过未来的利息支付,这使得赎回溢价成为计算投资整体收益的重要因素。此外,赎回溢价的大小可能会根据市场条件和债券协议中规定的具体条款而有所不同。例如,一些债券具有固定的赎回溢价,而其他债券的溢价可能会根据当前利率波动。这种变化为投资者评估债券投资的价值增加了另一层复杂性。赎回溢价还可以影响二级市场中债券的定价。希望购买或出售债券的投资者将考虑提前赎回的可能性及其相关的溢价。如果某个债券的赎回溢价较高,潜在买家可能会认为发行人很可能在到期前赎回该债券,因此该债券的吸引力较低。相反,具有低或无赎回溢价的债券可能被视为更有利,因为这表明提前赎回的风险较低。总之,赎回溢价的概念对于理解债券投资的动态至关重要。它不仅影响投资者的回报,而且在市场中债券的定价和交易中也发挥着重要作用。通过掌握赎回溢价的影响,投资者可以做出更明智的决策,更好地应对固定收益证券的复杂性。随着金融环境的不断发展,了解像赎回溢价这样的术语将始终是参与投资或金融的任何人的重要任务。
相关单词