利息再投资债券的中文解释
这种债券允许投资者以债券利息兑换同一债券,亦即是以利息收入增持同一债券,因此免除了投资者的再投资风险(reinvestment risk). 投资一般债券时,收到的利息再投资的收益率可能较低,这就是所谓的再投资风险. 如果投资者选择将所有利息再投资在同一债券上,这种债券实质上等同零息债券. 亦称为兔子债券(bunny bond)或利息再投资担保债券(guaranteed coupon reinvestment bond). 参见Zero Coupon Bond(零息债券).
Multiplier Bond的英文解释
A bond that allows the
investor to
convert coupons into
identical bonds, and to reinvest coupons on these
subsequent bonds. The borrower gains a cash flow benefit because the payouts are being converted into extra debt. Also known as a bunny bond.