deferred bonds; extended bonds

简明释义

延付债券，延期偿付的债券

英英释义

例句

1.The company issued deferred bonds 延期债券 to raise capital for its expansion plans.

该公司发行了延期债券 deferred bonds以筹集资金用于扩展计划。

2.The government announced a new series of deferred bonds 延期债券 to finance public infrastructure projects.

政府宣布发行一系列新的延期债券 deferred bonds以资助公共基础设施项目。

3.With deferred bonds 延期债券, the payment of interest is postponed until a later date.

使用延期债券 deferred bonds，利息支付被推迟到稍后的日期。

4.Many corporations prefer extended bonds 延长债券 as they provide more flexibility in repayment.

许多公司更喜欢延长债券 extended bonds，因为它们在偿还时提供更多灵活性。

5.Investors are showing interest in extended bonds 延长债券 due to their longer maturity periods.

由于其较长的到期时间，投资者对延长债券 extended bonds表现出兴趣。

作文

In the world of finance, understanding various types of bonds is crucial for both investors and issuers. Among these, deferred bonds (延期债券) and extended bonds (延长债券) are two important categories that serve unique purposes in the bond market. This essay will explore the characteristics, benefits, and risks associated with these bonds, helping to clarify their roles in financial strategies.Firstly, let’s define what deferred bonds are. These are bonds where the issuer is allowed to postpone interest payments until a specified date in the future. This feature can be particularly attractive for companies or governments facing cash flow issues. By deferring interest payments, issuers can allocate funds to other critical areas of their operations without the immediate burden of paying interest to bondholders. For investors, however, deferred bonds can carry a higher level of risk. Since interest payments are delayed, the investor may have to wait longer to receive returns, which could affect their liquidity and overall investment strategy.On the other hand, extended bonds refer to bonds that have had their maturity dates lengthened. This extension can occur for various reasons, such as restructuring debt or improving cash flow management for the issuer. For example, a company might choose to extend the maturity of its bonds to avoid a large repayment at once, thereby allowing for more manageable payment schedules over time. Investors in extended bonds may find this beneficial, as it can lead to potentially higher yields if the issuer's creditworthiness remains stable or improves over the extended period. However, there are risks involved, including the possibility that the issuer may face financial difficulties in the future, making it harder to meet obligations.Both deferred bonds and extended bonds can play significant roles in an investor's portfolio. They provide opportunities for diversification and can be useful tools for managing risk. For instance, an investor who anticipates a rise in interest rates might prefer deferred bonds because they lock in a fixed rate for a longer period, potentially leading to greater returns when interest rates increase. Meanwhile, extended bonds might appeal to those looking for steady income over a longer timeframe, especially if they believe in the long-term stability of the issuing entity.However, it is essential for investors to conduct thorough research before investing in either type of bond. Understanding the issuer's financial health, market conditions, and potential economic factors that could influence bond performance is vital. Additionally, investors should consider their own financial goals and risk tolerance when determining whether deferred bonds or extended bonds fit into their overall investment strategy.In conclusion, deferred bonds and extended bonds offer unique advantages and challenges in the bond market. By carefully considering their features and implications, investors can make informed decisions that align with their financial objectives. As the landscape of finance continues to evolve, staying educated about these instruments will be key to successfully navigating investment opportunities.

在金融领域，理解各种类型的债券对投资者和发行者来说至关重要。在这些债券中，deferred bonds（延期债券）和extended bonds（延长债券）是两类重要的债券，它们在债券市场中发挥着独特的作用。本文将探讨这些债券的特点、好处和风险，帮助澄清它们在财务策略中的角色。首先，让我们定义一下什么是deferred bonds。这些债券允许发行人在未来的特定日期推迟利息支付。这一特性对于面临现金流问题的公司或政府尤其具有吸引力。通过推迟利息支付，发行人可以将资金分配到其他关键领域，而无需立即承担向债券持有人支付利息的负担。然而，对投资者而言，deferred bonds可能会带来更高的风险。由于利息支付被延迟，投资者可能需要等待更长的时间才能获得回报，这可能会影响他们的流动性和整体投资策略。另一方面，extended bonds是指到期日被延长的债券。这种延长可能出于多种原因，例如重组债务或改善发行人的现金流管理。例如，一家公司可能选择延长其债券的到期日，以避免一次性的大额还款，从而使支付计划更加可控。投资extended bonds的投资者可能会发现这很有利，因为如果发行人的信用状况保持稳定或改善，可能会导致更高的收益。然而，其中也存在风险，包括发行人在未来可能面临财务困难，使其更难履行义务。无论是deferred bonds还是extended bonds，都可以在投资者的投资组合中发挥重要作用。它们提供了多样化的机会，并且可以成为管理风险的有用工具。例如，预计利率上升的投资者可能更喜欢deferred bonds，因为它们锁定了固定利率，可能在利率上升时带来更大的回报。同时，extended bonds可能吸引那些希望在更长时间内获得稳定收入的投资者，特别是当他们相信发行实体的长期稳定性时。然而，投资者在投资这两种类型的债券之前进行深入研究至关重要。了解发行人的财务健康状况、市场条件以及可能影响债券表现的经济因素至关重要。此外，投资者在确定deferred bonds或extended bonds是否适合其整体投资策略时，应考虑自身的财务目标和风险承受能力。总之，deferred bonds和extended bonds在债券市场中提供了独特的优势和挑战。通过仔细考虑它们的特点和影响，投资者可以做出符合其财务目标的明智决策。随着金融环境的不断演变，了解这些工具将是成功把握投资机会的关键。