债券发行

It is understood that in recent days have been a number of the Shenzhen Stock Exchange to the telephone company to find qualified pilot, and actively trying to hope that the issue of exchangeable bonds.

据了解，在最近几天一直是深圳证券交易所数目电话公司找到合格的飞行员，并积极尝试希望可交换债券的发行。

Global Times Beijing : China government is going to issue 6 billion Yuan worth of Treasury Bond in Hong Kong.

环球时报报道，中国政府将在香港发行价值60亿人民币的债券。

At present, the enterprise can be financed through bank loans, there are alternative channels of distribution trust schemes, the territory of a company is listed, issue corporate bonds, pawn, REITs, overseas listing, but these financing channels are also not very satisfactory, higher financing costs, more restrictions.

目前，企业可通过银行贷款融资，有选择分销渠道信托计划，境内上市公司，发行公司债券，典当，房地产投资信托基金，海外上市，但这些融资渠道也不是很满意，高融资成本，更多的限制。

The issuer of CDS whose value is much larger than the underlying bonds has the opposite moral hazard: there is an incentive artificially to reduce or eliminate default risk.

若CDS的价值远远大于其基础债券价值，则CDS发行机构有着相反的道德风险：既存在人为降低或消除违约风险的动机。

The company in general meeting may upon the recommendation of the directors resolve that it is desirable to capitalize any part of the amount for the time being standing to the credit of any of the company ' s reserve accounts or to the credit of the profit and loss account or otherwise available for distribution , and accordingly that such sum be set free for distribution amongst the 1llembers who would have been entitled thereto if distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but be applied either in or towards paying up any amounts for the time being unpaid on any shares held by such member respectively or paying up in full unissued shares or debentures of the company to be allotted , distributed and credited as fully paid up to and amongst such members in the proportion aforesaid , or partly in the one way and partly in the other , and the directors shall give effect to such resolution .

一百零五、经董事会建议，公司股东大会可以作出决议，将公司提留作为储备金及用于调整亏盈账户或其他本可用做分配的资金款项的任何部分作为资本，同样可决定将此种款项留存用于分配给原本有权按同样比例分到红利的股东，条件是不支付现金，或者用其抵冲股东所持股份中未缴付的股款，不然则用其支付公司即将按上述比例分配和发行给这些股东的缴足股款的股票或债券的股款，或部分用于这方面，部分用于另一方面，董事会应当负责作出此种决议。

The company in general meeting may upon the recommendation of the directors resolve that it is desirable to capitalize any part of the amount for the time being standing to the credit of any of the company's reserve accounts or to the credit of the profit and loss account or otherwise available for distribution , and accordingly that such sum be set free for distribution amongst the members who would have been entitled thereto if distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but be applied either in or towards paying up any amounts for the time being unpaid on any shares held by such member respectively or paying up in full unissued shares or debentures of the company to be allotted , distributed and credited as fully paid up to and amongst such members in the proportion aforesaid , or partly in the one way and partly in the other , and the directors shall give effect to such resolution .

一百零五、经董事会建议，公司股东大会可以作出决议，将公司提留作为储备金及用于调整亏赢账户或其他本可用作分配的资金款项的任何部分作为资本，同样可决定将此种款项留存用于分配给原本有权按同样比例分到红利的股东，条件是不支付现金，或者用其抵冲股东所持股份中未交付的股款，不然则用其支付公司即将按上述比例分配和发行给这些股东的缴足股款的股票或债券的股款，或部分用于这方面，部分用于另一方面；董事会应当负责作出此种决议。

Two rooms at present a total of 5.4 trillion U.S. dollars holders of unliquidated obligations, or about the U.S. mortgage market, 40 percent of the total, the issue of asset-backed bonds is the world's major financial institutions have been the most popular varieties of investment.

目前一两个5.4万亿美元的未清偿债务，约占美国抵押贷款市场，40个百分点，而去年发行资产支持债券的持有人是世界上主要的金融机构一直是最受欢迎的投资品种间客房。

These all call for the well-knit academic and professional researches in risk exposure, risk measurement to risk control.

所有这一切都要求对于发行市政债券所带来的信用风险的扎实的学术与专业的研究，从风险暴露，风险测量到风险控制。

They are not subject to withholding tax and fall outside the jurisdiction of any one country.

欧洲债券由国际银团发行，可不受任何国家资本市场的限制，且免扣缴税。

PGG Wrightson: The nation's biggest rural services company said it issued US$25 million of convertible redeemable notes to major shareholder Agria Corp.

PGG赖特森（PGG Wrightson，代码：PGW）：PGG赖特森是新西兰全国最大的农村服务公司，该公司表示上周五向主要股东，来自中国的阿格里亚公司，发行了价值2，500万美元的可兑换可赎回债券。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。