deferred bond

简明释义

延期付息债券

英英释义

例句

1.The terms of the deferred bond specify when interest payments will commence.

延期债券的条款规定了利息支付何时开始。

2.A deferred bond allows the issuer to postpone interest payments until a later date.

延期债券允许发行人将利息支付推迟到以后。

3.During the economic downturn, many companies opted for deferred bonds to manage cash flow.

在经济衰退期间，许多公司选择了延期债券来管理现金流。

4.Investors are attracted to the deferred bond because of its higher yield compared to regular bonds.

投资者被这种延期债券吸引，因为它的收益率高于普通债券。

5.The company issued a deferred bond to raise funds for its new project.

公司发行了一种延期债券以为其新项目筹集资金。

作文

In the world of finance, various instruments are used to raise capital and manage investments. One such instrument is the deferred bond, which plays a unique role in the bond market. A deferred bond is a type of bond where the issuer delays the payment of interest for a certain period. This means that investors will not receive any interest payments during the deferral period but will receive a larger lump sum of interest payments once the deferral period ends. This structure can be particularly appealing to both issuers and investors under specific circumstances.For issuers, deferred bonds provide an opportunity to manage cash flow more effectively. By postponing interest payments, companies can allocate their financial resources towards immediate operational needs or investments that may yield higher returns. This can be especially beneficial for startups or companies in growth phases that require substantial capital for expansion. Additionally, the ability to defer interest payments can help stabilize a company's balance sheet during periods of economic uncertainty.On the other hand, investors may find deferred bonds attractive due to the potential for higher yields. Since these bonds come with a built-in risk of delayed payments, they often offer a higher interest rate compared to traditional bonds. For risk-tolerant investors, this can be an enticing opportunity to earn greater returns over time. Furthermore, if the issuing company performs well during the deferral period, the eventual interest payments can significantly enhance the investor's overall return.However, investing in deferred bonds is not without its risks. The primary concern for investors is the creditworthiness of the issuer. If a company faces financial difficulties during the deferral period, it may struggle to make the lump-sum interest payments or even default on the bond altogether. Therefore, thorough due diligence is essential before investing in such instruments. Investors should assess the issuer’s financial health, industry position, and overall economic conditions to gauge the likelihood of receiving their expected returns.Moreover, the market for deferred bonds can be less liquid than that of traditional bonds. This means that if an investor wishes to sell their bond before maturity, they may face challenges in finding a buyer or might have to sell at a discount. Thus, potential investors should consider their investment horizon and liquidity needs when contemplating deferred bonds as part of their portfolio.In conclusion, deferred bonds represent a fascinating aspect of the bond market, offering unique benefits and risks. They can serve as a strategic tool for issuers looking to manage cash flow while providing investors with opportunities for higher returns. However, the complexities and risks associated with these bonds necessitate careful consideration and analysis. As with any investment, understanding the underlying mechanics and potential implications of deferred bonds is crucial for making informed decisions in the ever-evolving landscape of finance.

在金融世界中，各种工具被用来筹集资本和管理投资。其中一种工具是递延债券，它在债券市场中扮演着独特的角色。递延债券是一种债券，发行者将利息支付推迟到某个时期。这意味着投资者在递延期内不会收到任何利息支付，但在递延期结束后会收到一笔较大的利息支付。这种结构在特定情况下对发行者和投资者都特别有吸引力。对于发行者而言，递延债券提供了更有效地管理现金流的机会。通过推迟利息支付，公司可以将财务资源分配用于即时的运营需求或可能产生更高回报的投资。这对于初创企业或处于增长阶段的公司尤其有利，因为这些公司需要大量资本进行扩张。此外，能够递延利息支付可以帮助稳定公司在经济不确定时期的资产负债表。另一方面，投资者可能会发现递延债券由于潜在的高收益而具有吸引力。由于这些债券内置了延迟支付的风险，它们通常提供比传统债券更高的利率。对于风险承受能力较强的投资者来说，这可能是一个诱人的机会，可以随着时间的推移获得更高的回报。此外，如果发行公司在递延期内表现良好，最终的利息支付可能会显著提高投资者的整体回报。然而，投资递延债券并非没有风险。投资者主要担心的是发行者的信用状况。如果公司在递延期内面临财务困难，可能会难以支付一次性利息，甚至可能违约。因此，在投资此类工具之前，进行充分的尽职调查至关重要。投资者应评估发行者的财务健康状况、行业地位和整体经济条件，以判断是否有可能获得预期的回报。此外，递延债券的市场流动性可能低于传统债券。这意味着如果投资者希望在到期之前出售其债券，可能会面临寻找买家的挑战，或者不得不以折扣价出售。因此，潜在投资者在考虑将递延债券作为投资组合的一部分时，应考虑其投资期限和流动性需求。总之，递延债券代表了债券市场的一个迷人方面，提供了独特的好处和风险。它们可以作为发行者管理现金流的战略工具，同时为投资者提供更高回报的机会。然而，与这些债券相关的复杂性和风险需要谨慎考虑和分析。与任何投资一样，理解递延债券的基本机制和潜在影响对于在不断发展的金融环境中做出明智决策至关重要。