“美食”债券

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有些债券是以国家或地区的吉祥物等特色命名的,而有些债券却是用美食来命名,下面重点介绍两种“美食”债券:


点心债券(Dim Sum Bond)

“Dim sum bond” is a slang term for bonds denominated in Chinese renminbi and issued in Hong Kong. Dim sum bonds are attractive to foreign investors who desire exposure to renminbi-denominated assets, but are restricted by China's capital controls from investing in domestic Chinese debt. The term is derived from dim sum, a popular style of cuisine in Hong Kong which involves serving a variety of small delicacies.

Multinational companies, even those without a presence in China, can issue dim sum bonds to professional investors without seeking approval from either PRC or Hong Kong authorities. After issuing such bonds, multinational issuers may use their proceeds freely in Hong Kong without PRC regulatory approval. The proceeds may also be used to settle cross-border trades.

点心债券指2007年起在香港开始发行的以人民币计价的债券。“点心债”名称由来,有说是因为其最初仅在香港发行(后其市场拓展至新加坡、伦敦),而点心是香港酒楼的著名食品;另有说法是由于其在国际债券市场中的份额微不足道,带有一口就可吃掉的意思。

和中国境内的债务类金融工具不同,点心债券的发行基本上没什么管制,无论从发行者本身还是债券定价。当然,如果需要将资金注入境内使用,则需要得到中国境内相关的监管机构的允许。相比之下,境内发行债券的资格要求限制诸多。


寿司债券(Sushi Bond)

The colloquial term sushi bond is used to describe a bond issued by a Japanese company in a market outside of Japan and denominated in a currency other than the yen. The most common issuing currency is the U.S. dollar. Sushi bonds bear a fixed rate of interest, can be short-term or long-term, and are most desirable when the yen is weak. The sushi bond is a type of Eurobond or international bond and most of the buyers and sellers are Japanese.

寿司债券是日本政府、金融机构、工商企业等在日本以外市场发行的、以美元为面额的债券,属于欧洲债券,这类债券不计入日本机构持有国外证券的最高限额。寿司债券具有固定利息,分为短期和长期,主要由日本投资者购买。


参考:

1. Investopedia

2. Wikipedia

3. 百度百科

发布于 2021-04-01 10:40:07
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