亚洲富人大举认购欧洲高风险债券_时事

亚洲富人大举认购欧洲高风险债券

“亚洲私人银行有大量资金可以运作，摩根大通(JPMorgan)欧洲优质企业债券资本市场主管梅丽莎·史密斯(Melissa Smith)表示，“由于政府债券收益率较低，很多私人银行正把目光投向欧洲知名企业发行的次级债券，作为寻求更高收益率的一种途径。

Hybrid, or subordinated, debt pays a higher coupon to investors than more senior debt but is designed to bear losses earlier than other forms if the company runs into trouble. The bonds can also convert into shares, giving companies added -flexibility.

混合债券（或者次级债券）支付给投资者的利息要高于更高级债券，但如果企业陷入困境，这种债券将比其他债券更早承担损失。这种债券还可以转换成股票，赋予企业更多灵活性。

ArcelorMittal, for example, issued $650m of hybrid debt earlier this month as part of a bid by the Paris and Madrid-listed steelmaker to restore its credit rating after being downgraded by Standard and Poor’s in August. Others issuing in recent months include SSE, the UK utility, Louis Dreyfus, the French commodities group, and RWE, the German utility.

例如，阿塞洛-米塔尔(ArcelorMittal)本月早些时候发行了6.50亿美元的混合债券，这是在标准普尔(Standard and Poor’s)8月调降其评级后，这家在巴黎和马德里上市的钢铁制造商试图恢复其评级的努力的一部分。最近几个月发行此类债券的还包括英国公用事业单位SSE、法国大宗商品集团路易达孚(Louis Dreyfus)和德国公用事业单位RWE。