Floating Rate Bonds

The first floating rate T bond ( 010004 ) has gone on public in Shanghai Stock Exchange Market . So the challenging question of how to price of the floating rate bonds is put forward .

我国证券市场首只浮动利息债券010004的上市，给市场提出了浮息债券应如何定价的问题。

Researches show that , this bond , can effectively avoid the risk of price fluctuation of CERs , while the traditional fixed rate bonds and floating rate bonds cannot avoid CERs price fluctuation risk .

研究成果认为，CDM卖方企业发行这种债券，能有效的规避CERs价格波动风险，克服传统的固定利率债券和浮动利率债券不能规避CERs价格波动风险的缺点。

First of all , by introducing the present situation in our country enterprise bond market , this article discusses the problem on how it is hard for individual investors to invest the floating rate bonds and explains how to design the product to suit individual investors ' purchase .

本文首先介绍了我国企业债券市场的现状，提出个人投资者难以投资现有浮动利率企业债券的现实问题，说明产品设计的目的是让企业债券更适合个人投资者购买，对产品的设计思路进行解释。