可转换证券

As a new refinancing instruments of quoted company,convertible bond adds energy to securities business.

上市公司可转换债券作为一种新的上市公司再融资工具，为我国的证券市场增添了活力。

The difference between the market value of a company and the capital contributed by investors.

流通性非常高，可迅速以合理价格转换成为现金的证券

Convertible bond has a long history in international financial market, however it is a new leasr of life in China.

经过了近10年的发展，可转换债券在中国证券市场上从摸索尝试到逐渐成熟，其中有很多的经验和教训值得吸取。

The interest-rate risk is very important for convertible bond, one of fixed income securities.

利率风险对可转换债券这种固定收益证券来说是非常重要。

The growth of convertible bond in China will come into a new page with the declaration of 《The management of convertiable bond for listed company》and the upsurge of convertible bond financing of listed company recently It is very necessary.to understand and analyz its features and its practice also summarize lessons expeirences in China.

因此了解和深入分析可转换债券的性质和它在中国的产生与发展，以及总结其在中国证券市场上的失败教训和成功经验非常有必要。

A listed company convertible bond is one kind of late-model finance derive from a listed company broadens a financing channel , urban and rural residents expands important investment implement with investment of breed , prosperous bond market under the implement , circumstances existing side by side in various financing way in the nowadays.

上市公司可转换债券作为一种新型的金融衍生工具，在当今多种融资方式并存的形势下上市公司拓宽融资渠道、城乡居民扩大投资品种、繁荣证券市场的重要投资工具。

Zero-Coupon Securities In September, Berkshire issued $902.6 million principal amount of Zero-Coupon Convertible Subordinated Debentures, which are now listed on the New York Stock Exchange.

零息债券去年九月，伯克希尔发行了 9 亿美元的零息可转换次顺位债券，目前并已在纽约证券交易所挂牌交易，由所罗门公司负责本次的债券承销工作，提供了我们宝贵的建议与完美无缺的执行结果。

Next time I make a big, dumb decision, Berkshire shareholders will know what to do: Phone Mr. Wolf. In addition to the convertible preferreds, we purchased one other private placement in 1991,$300 million of American Express Percs. This security was essentially a common stock that featured a tradeoff in its first three years: We received extra dividend payments during that period, but we were also capped in the price appreciation we could realize.

除了可转换特别股，我们在 1991 年还透过私募的方式投资了三亿美元的美国运通俗称&Percs&的股票，这种证券基本上算是一种普通股，只不过在投资的前三年我们可以领取一笔特别的股利，条件是在同时间我们因为股价上涨所带来的资本利得将受到限制，然而即便如此，这笔投资还是因为本人的英明决策而获利不菲，当然其中也包含一些运气的成份，比例约是 110%。

Lugalbanda was a god and shepherd king of Uruk where he was worshipped for over a thousand years.

Lugalbanda 是神和被崇拜了一千年多 Uruk古埃及喜克索王朝国王。

I am coming just now,' and went on perfuming himself with Hunut, then he came and sat.

我来只是现在，'歼灭战perfuming自己与胡努特，那麼，他来到和SAT 。