发债

Greece attracted demand of more than € 25bn for its first bond sale of the year in January, yet order books rose to only € 6bn for its last bond syndication at the end of last month.

在今年1月首次发债时，希腊吸引了逾250亿欧元的需求，但在上月底进行的最新一次债券联合销售中，登记需求仅为60亿欧元。

Under the assumption that assets liquidation income obeys logarithm normal distribution and fitting distribution, the safety debt scale of nonperforming asset pool was deduced conversely while controlling the default probability.

假设资产变现收入在对数正态分布和拟合分布下，控制违约概率倒推不良资产池的发债规模，从理论上解决了安全发债规模的确定问题。

In recent years, many group customers are beleaguered with debt crisis which inflict huge losses and influence on banking credit assets.

近年来，一系列集团客户先后爆发债务危机，给银行信贷资产带来重大损失和负面影响。

A purchasera bond buys a credit derivative to cover the risk of the bond's debtor defaulting.

例如,债券持有人可以买入一份信用衍生工具,为发债人违约不偿还本息的风险投保.

A first batch of Rmb300bn ($ 48bn) out of a planned Rmb1tn will be issued soon by policy banks that were recapitalised this spring, the Economic Information Daily, a newspaper run by the official Xinhua news agency, said.

官方通讯社新华社旗下的《经济参考报》（Economic Information Daily）报道称，首批发债规模为3000亿元人民币（合480亿美元），将很快由政策性银行发行。今年春季，这些银行获得注资。

Huaxia bank, the central bank and the China Banking Regulatory Commission has approved its plans to issue bonds.

华夏银行表示，中国银监会以及央行已经批准了其发债计划。

That shift, however, has turned as financial companies raise equity capital to repair balance sheets, private equity deals slow to a trickle and the cost of raising corporate debt rises sharply as its availability dries up.

然而，这一趋势已经开始转变，金融公司提高股本以改善资产负债状况，私人股本交易骤减，只有少量交易，同时，随着债券发行市场的枯竭，公司发债成本亦大幅上升。

But weaknesses are starting to emerge, and a default by a big borrower could spook investors.

但市场已开始显露疲软迹象, 而大型发债公司出现违约的情况可能会让投资者心惊胆战.

First, multi-faceted debt issuance bodies.

首先, 发债主体多元化.

Under IRS rules, in order for the proceeds to retain tax-exempt status, they must be reinvested at fair market value.

根据美国国税局的规定，为使发债所得资金保持免税地位，这些资金必须以公允市场价值进行再投资。

Tight credit should favour cash-laden companies over the vulture funds that have circled Europe for the past two-plus years.

该公司上周通过发债募集了20亿欧元。紧缩的信用环境应该更有利于现金充裕的企业，而不是两年多来一直围着欧洲打转的秃鹫基金。

The corporation is guaranteed this amount, and the investment banker takes the risk of selling issue.

发债公司被确保得到这笔金额, 投资银行承担了包销的风险.

The costs would therefore be seen as an investment and not as an addition to our debt, which would spook the bond market.

如此一来，其成本将被视为投资，而非债务的增加，从而避免引发债券市场的恐慌。

Acting together, they could resolve the liquidity problems facing the banks, and enable fiscally-responsible governments to issue treasury bills for less than one per cent.

欧洲央行与EFSF协同行动，将能够解决银行面临的流动性问题，并使在财政上负责任的政府能够以不到1%的利率发债。

On the liability side, the central bank can issue its own debt or simply borrow from the banks.

至于负债方面，央行可自行发债或直接从银行借入资金。

The first is to lengthen the maturity of the wholesale debts that they have.

第一是延长所发行的批发债务的期限.

VTB bank, one of the four Russian banks to issue a dim sum bond this year, said last month it planned to cut its dollar bond issuance and look to diversify its investor base through Asian currency issues.

今年发行点心债券的4家俄罗斯银行之一俄罗斯外贸银行（vtb）上月表示，计划减少美元债券发行量，并寻求通过以亚洲货币发债，拓展其投资者基础。

Contrasts North Star , Wan Ke send the bond rate lowly firmly.

对比北辰, 万科所发债券利率确为较低.

Guides of Calculating and Issuing Compensation Balance Between Issuing Bonds and Stocks

经济补偿金计算、支付全攻略发债与发股间的平衡

A higher level of equity, of course, makes it easier to issue debt.

当然, 权益水平的上升会使发债变得相对容易.

But the ECB is unwilling to approve the debt sale. It will not raise a € 15bn ceiling on treasury bill issuance to$ 25bn as requested, according to two officials involved in the deliberations.

但欧洲央行不愿意批准这一发债方案。据参与协商的两名官员透露，欧洲央行不会如希腊所要求，将150亿欧元的国债发行上限提升至250亿美元。

Many of the bonds come with minimum holding periods, and issuers right to limit redemptions.

许多债券都对最低持有年限做出了规定,发债方有权限制赎回.

Domestic issuance of magnitude, too, is tricky: banks, for example, already lend out more than their deposit base.

在国内大规模发债也很难。比如，银行发放的贷款已经超过其存款基础。

the dual-listing of tranches is also the first of its kind for a chinese bank.

这也是中资银行首次以双重上市的形式发债。工行是中国规模最大的银行。

The detailed term for bond issuance may be determined in light of the macro economic and financial status of the Mainland and the convertibility process of capital accounts.

具体发债期限可根据内地宏观经济金融形势和资本账户可兑换进程确定。