(5)现金流负债比率(cash flow debt ratio):总现金流与未偿付债务的比值。 14.5.3 债券契约 债券的部分内容是为保护债券持有者的权利而对发行人设置的一系列限制,包括与担保、偿债基金、股息政策和后续借贷相关的条款。 偿债基金(sinking fund) 将债务负担分散至若干年内。 (1)公司可每年在公开市场上回购部分未偿...
What is a bond sinking fund? Where does a bond sinking fund appear on the balance sheet? Why does a bond's price decrease when interest rates increase? What is the difference between a note payable and a bond payable? How do I start a petty cash fund?
Partially amortizing bond Sinking Fund Provision 偿债基金条款 Cash Flow Structure of Principal Repayments 债券本金的现金流结构 plain vanilla bond/ conventional bond 普通香草型债券/传统型债券 plain vanilla bond/ conventional bond 指到期一次性还本的债券,票息可以分几次发。 Bullet bond 子弹型债券 是指未...
Cash in checking account $20,000 Cash in bond sinking fund account 30,000 Postdated check from customer dated one month from balance sheet date 250 Petty cash 200 Commercial paper (matures in two months) 7,000 Certificate of deposit (matures in six months 5,000...
Sinking fund bondsrequire the issuer to make periodic cash contributions to a sinking fund trustee. A company that needs to borrow should consider issuingsinking fund bonds. Such bonds permit a company to hedge its borrowing costs when there is a change in interest rates. ...
The presence of a sinking fund, however, can be a disadvantage to bondholders when interest rates fall. When market interest rates (i.e., yields on bonds) increase, the value of such bonds decreases because the present value of a bond’s promised cash flows decreases when a higher discou...
For risk-adverse investors, bonds can be an attractive way to receive an anticipated return and safeguard capital.For issuers, bonds can be a way to provide operating cash flow, fund capital investments, and finance debt. Enter amortized bonds. Amortized bonds differ from other types of loans ...
To lessen its risk of being short on cash 10 years from now, the company may create a sinking fund, which is a pool of money set aside for repurchasing a portion of the existing bonds every year. By paying off a portion of its debt each year with the sinking fund, the company will...
Because the sinking fund adds stability to the repayment process, the ratings agencies rate the bonds as AAA and reduce the interest rate from 6.3% to 6%. The corporation saves $120,000 in interest payments in the first year and additional money thereafter. ...
The impact of market prices that exceed current sinking fund redemption prices, and of par versus premium redemption, is clearly apparent when a set of issue-specific and macroeconomic control variables are incorporated into a model of bond risk premia. Thus, secondary market prices for the large...