Putable bond

简明释义

可退回债券

英英释义

例句

1.Investors often prefer a Putable bond 可赎回债券 because it provides them with the option to sell the bond back to the issuer at a predetermined price.

投资者通常更喜欢可赎回债券 Putable bond，因为它为他们提供了在预定价格将债券卖回给发行人的选择。

2.During periods of rising interest rates, a Putable bond 可赎回债券 can be an attractive investment as it allows investors to mitigate losses.

在利率上升期间，可赎回债券 Putable bond可以成为一种有吸引力的投资，因为它允许投资者减轻损失。

3.When the market conditions change, holders of a Putable bond 可赎回债券 can exercise their option to sell it back to the issuer.

当市场条件变化时，可赎回债券 Putable bond的持有者可以行使其将债券卖回给发行人的选项。

4.A company issued a Putable bond 可赎回债券 to attract cautious investors looking for reduced risk.

一家公司发行了可赎回债券 Putable bond以吸引寻求降低风险的谨慎投资者。

5.The Putable bond 可赎回债券 offers flexibility for investors who may need liquidity in the future.

对于未来可能需要流动性的投资者来说，可赎回债券 Putable bond提供了灵活性。

作文

In the world of finance, investors are constantly looking for ways to manage risk while maximizing returns. One financial instrument that has gained popularity among investors is the putable bond. A putable bond is a type of bond that gives the bondholder the right, but not the obligation, to sell the bond back to the issuer at a predetermined price on specific dates before the bond's maturity. This feature provides an added layer of security for investors, especially in volatile markets.The primary advantage of a putable bond lies in its flexibility. Investors can benefit from the fixed interest payments that bonds typically offer, while also having the option to exit the investment if market conditions change. For instance, if interest rates rise significantly after the purchase of a putable bond, the bondholder may choose to exercise their put option and sell the bond back to the issuer. This allows them to reinvest the proceeds into higher-yielding securities, thus mitigating potential losses.Moreover, putable bonds can be particularly appealing during periods of economic uncertainty. When the market is unpredictable, having the ability to sell a bond back to the issuer can provide peace of mind to investors. They can avoid holding onto a bond that may decrease in value due to rising interest rates or deteriorating credit quality of the issuer. By exercising the put option, they can safeguard their investment and maintain liquidity.However, it is essential to note that putable bonds often come with lower yields compared to traditional bonds without such features. The added protection of the put option means that investors may have to accept a trade-off in terms of interest income. Therefore, when considering whether to invest in a putable bond, investors must weigh the benefits of flexibility and risk management against the potential for lower returns.Additionally, the specific terms of a putable bond can vary significantly between issuers. Some bonds may allow for multiple put options at different times, while others might only permit a single put date. Understanding these terms is crucial for investors to make informed decisions about their investments. They should carefully review the bond's prospectus to understand when and how they can exercise their put rights.In conclusion, putable bonds serve as a valuable financial instrument for investors seeking to balance risk and return. Their unique feature of allowing bondholders to sell the bond back to the issuer provides flexibility that can be advantageous in fluctuating market conditions. However, investors should remain mindful of the potential trade-offs in yield and thoroughly analyze the terms of any putable bond before making an investment. As with any investment decision, careful consideration of individual financial goals and market circumstances is essential to achieve optimal outcomes.

在金融世界中，投资者不断寻求管理风险的同时最大化回报的方法。其中一种在投资者中日益受到欢迎的金融工具是可回售债券。可回售债券是一种债券，赋予债券持有人在债券到期之前的特定日期以预定价格将债券卖回发行人的权利，但没有义务。这一特性为投资者提供了额外的安全保障，尤其是在波动的市场中。可回售债券的主要优势在于其灵活性。投资者可以享受债券通常提供的固定利息支付，同时在市场条件变化时拥有退出投资的选项。例如，如果在购买可回售债券后，利率显著上升，债券持有人可以选择行使他们的回售权，将债券卖回给发行人。这使他们能够将所得款项再投资于收益更高的证券，从而减轻潜在损失。此外，在经济不确定时期，可回售债券可能特别吸引投资者。当市场不可预测时，能够将债券卖回给发行人可以为投资者提供心理上的安宁。他们可以避免持有可能因利率上升或发行人信用质量恶化而贬值的债券。通过行使回售权，他们可以保护自己的投资并保持流动性。然而，必须注意的是，可回售债券通常相比于没有此类特性的传统债券具有较低的收益率。回售权的额外保护意味着投资者可能需要接受利息收入的权衡。因此，在考虑是否投资于可回售债券时，投资者必须权衡灵活性和风险管理的好处与潜在的低回报之间的关系。此外，可回售债券的具体条款在不同发行人之间可能会有显著差异。有些债券可能允许在不同时间进行多次回售，而其他债券可能只允许一次回售日期。了解这些条款对投资者做出明智的投资决策至关重要。他们应该仔细审查债券的招股说明书，以了解何时以及如何行使他们的回售权。总之，可回售债券作为一种有价值的金融工具，为寻求平衡风险和回报的投资者提供服务。它们允许债券持有人将债券卖回给发行人的独特特性提供了在市场波动条件下可能有利的灵活性。然而，投资者应注意收益的潜在权衡，并在投资前彻底分析任何可回售债券的条款。与任何投资决策一样，仔细考虑个人财务目标和市场情况对于实现最佳结果至关重要。