公司债券

But a $110m offering by PT Pakuwon Jati Finance this month has provided a gripping insight into the audacity, if not recklessness, of emerging-market creditors.

但是本月新兴市场债权人买入PT Pakuwon Jati 信贷公司发行的1.1亿美元债券，此举虽不能算莽撞，但也颇为大胆，让人着实见识了一把。

Mandra hasn't gone public, and unless it does so before the bonds come due in 2013, those warrants are worthless.

这家公司一直未能上市，除非它能在这批债券2013年到期前上市，否则这些认股权证将没有丝毫价值。

In the days of Michael Milken and??Drexel Burnham Lambert in the 1980s, junk bonds helped reshape and modernise corporate America, no matter how unpopular they were at the time.

在九十年代Michael Milken and Drexel Burnham Lambert 在的时候，不论垃圾债券在当时有多么得令人反感，但它们的确帮助美国的公司转型和达到现代化。

Step four would be the downgrading of the monoline insurers, which do not deserve the AAA rating on which their business depends.

第四步是债券保险公司评级被下调，它们没有资格获得其业务所依赖的AAA等级。

The firm did take some balance-sheet hits, on things like leveraged loans, commercial real estate and securities backed by troubled monoline insurers.

摩根士丹利的资产负债表的确也受到了冲击，比如杠杆贷款、商业房地产和由陷入困境的债券保险公司担保的证券。

That case was first brought in 2007 by trustees for three pension sponsors Unisystems, Nashua Corp and the Andover Companies who accuse SSgA of breaching its fiduciary duties under the Employee Retirement Income Security Act by allegedly mismanaging certain bond funds and misrepresenting their risk.

三家养老金赞助商--优利系统公司、Nashua Corp和Andover Companies--的受托人最初于2007年提起诉讼，指控道富环球对某些债券基金管理失当且未如实说明风险，违背了《雇员退休收入保障法案》规定的受托责任。

At the end of July, Smucker had $41.5 million in mortgage-backed debt classified as noncurrent marketable securities available for sale, which are assets the company intends to sell for cash if it is needed for future operations.

截至7月底，Smucker共投资了4，150万美元的抵押贷款担保债券，并将其归入了可供出售的非流动有价证券之列，意味着当公司日后需要现金时可将该资产出售变现。

PIK notes allow the company to skip interest payments and instead enlarge the amount of existing debt.

实物支付债券允许公司可以停止支付利息，并扩大债务规模。

More interesting, Japanese financial media reported this past week that some Japanese insurance firms, massive bond investors, are considering moving to unhedged foreign bond portfolios.

更有意思的是，日本财经媒体在之前的一周报称，一些日本保险公司正考虑投资于未对冲的外国债券。

These firms have traditionally faced interest rates that seem unjustifiably high given their low risk of default.

这句话似乎有些冗长，原句的意思是这些公司面对着很不公平的高利率，这些高利率是和他们的低违约风险是不一致的（意味着他们债券被低估了

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。