Asia
Floating-Rate Issuance at Record Pace
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To
catch demand from U.S. investors worried about rising interest rates, Asian
companies are changing the way they raise cash by selling floating-rate debt at
the fastest pace on record.Unlike traditional bonds with fixed annual interest
payments, these types of notes have coupons that usually adjust every quarter to
track market rates and therefore offer better protection from rising interest
rates.
亞洲浮動(dòng)利率債券發(fā)行量飆升
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亞洲企業(yè)正在改變籌資方式，以史上最快的速度發(fā)行浮動(dòng)利率債券，借此抓住那些為利率上升而感到憂(yōu)慮的美國(guó)投資者的需求。不同于每年支付固定利息的傳統(tǒng)債券，浮動(dòng)利率債券的票面利率通常每一季度都會(huì)跟隨市場(chǎng)利率進(jìn)行調(diào)整，因此能夠更加有效地降低利率上升帶來(lái)的風(fēng)險(xiǎn)。