公司债券

An extraordinary amount of money has been lost by the insurance industry in the bond area -notwithstanding the accounting convention that allows insurance companies to carry their bond investments at amortized cost, regardless of impaired market value.

整个保险业界，因投资债券而蒙受了相当庞大的损失，虽然依照会计原则，允许保险公司以摊销成本而非已严重受损的市场价值来记录其债券投资，事实上，这种会计方法反而是导致更大损失的元凶，因为当初若是保险公司被迫以市场价格来认列损失，那他们或许就会早一点注意到问题的严重性。

This trend is dependable because the bonds are redeemed at par value on the maturity date.

这种走向是因为当债券到期时，公司付给债券拥有人的是债券面值。

In addition to mortgage backed bonds, the bond insurers back hundreds of billions of dollars of municipal and other bonds.

除以抵押贷款支撑下的债券外，债券保险公司还同时支持着好几百种价值数十亿美元的政府和其他债券。

PrimeCredit fixed-income securities researcher Chang-jun said that the hippocampus of convertible bonds for example, the early redemption Back to the provisions of -"company's share price 30 consecutive trading day, at least 20 trading days is higher than the current price of 130% Convertible hippocampus shares have the right to the face value of 103% the redemption price of non-transfected hippocampus convertible shares ", that is, the hippocampus 120 convertible price even higher than 130 yuan, the listed companies out of concern ahead of the redemption, bond investors tend to choose large-scale Convertible.

安信固定收入证券研究员长军说，例如可转换债券海马，提早赎回回的规定-"公司的股价连续30个交易日，至少有20个交易日是比当前价格高出130 ％可转换海马的股价已到了103％，票面价值的赎回价格的非转染海马兑换股票"的权利，即，海马120可兑换的价格甚至高于130元的上市公司关注提前赎回，债券投资者倾向于选择大型敞篷车。

The inadequacy of specific hedges, something known as "basis risk", also came as a shock to many. A corporate bond and a cash-collateralised credit-default swap written on the same company ought to offset each other—if the company looks likely to default, the bond will fall and the swap rise.

由于具体的套期保值不当造成的基差风险也让很多人大为震惊，同一家公司的企业债券及其现金担保的信用违约互换（cash-collateralised credit-default swap，CDS）11本应相互抵消：比如，如果某公司可能资不抵债，那么其债券价格将下降，而CDS的价格会上升。

Registered bonds may be transferred from one owner to another only by endorsement on the bond certificate, and the issuing corporation must maintain a record of the name and the address of each bondholder.

已登记的债券可能被转移，从一名业主到另一个只有通过对债券证书，发行公司必须维持一个纪录的名称和地址，每一个债券持有人。

The equity securities and debts issued by a corporate firm can be regarded as options on the firm s assets, Approaches that option theory is used to price stocks and bonds are analyzed, The benefit relationship between shareholder and debtee in corporate finance decision is dscussed.

介绍了现代期权定价理论的基本框架，阐明了公司股票和债券是基于公司资产的期权，分析了用期权理论给股票、债券定价的方法，讨论了公司金融决策中股东和债权人之间的利益关系。

U.S. insurer Assurant Inc. has added to the current catastrophe bond pipeline by beginning to market its second Ibis Re cat bond transaction Ibis Re II Ltd. Marketing to investors began this week and Ibis Re II is expected to close in May.

美国保险公司 Assurant的公司增加了本周二重新宜必思目前巨灾债券市场的管道开始其第二鹭鹭再重新巨灾债券交易二级市场投资者开始公司预计5月结束。

For the last few years our insurance companies have not been a net purchaser of any straight long-term bonds (those without conversion rights or other attributes offering profit possibilities). There have been some purchases in the straight bond area, of course, but they have been offset by sales or maturities. Even prior to this period, we never would buy thirty or forty-year bonds; instead we tried to concentrate in the straight bondarea on shorter issues with sinking funds and on issues that seemed relatively undervalued because of bond market inefficiencies.

最近这几年来，我们的保险公司几乎未增加一般长期债券方面的部位(Straight long-term Bond)(即不含转换权或可提供额外获利可能性的债券)，即使有买进也是为了弥补先前到期或出售的部位，而在此之前，我们也从未投资那些长达三、四十年的债券，顶多是那些较短期且备有偿债基金或是因市场缺乏效率而使得价格被低估的债券。

When the name of the owner is registered with the issuing corporation, the bond is a registered bond.

如果债券持有人需要在发行债券的公司登记其姓名，那么这种债券就是记名债券。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了