Hybrid Securities

Rating on Hybrid Securities : Framework and Case Study

混合型证券评级：框架与案例

These hybrid securities could offer yields between 6 and 8 per cent .

这些混合型证券可能提供6%至8%的收益率。

The funding sources of firms include debt , equity and hybrid securities .

企业融资的资金来源主要包括债务、股权和混合性证券。

Hybrid securities , like preferred equity , combine elements of debt and equity .

像优先股之类的混合型证券混合了债务和股份的成分。

RBS has continued payments on hybrid securities perhaps to avoid knock-on effects in the portfolios of pension funds and insurance companies .

苏格兰皇家银行一直在为混合型证券派息或许是为了避免养老基金和保险公司投资组合中的连带效应。

Tier two capital throws in undisclosed and loan-loss reserves , revaluation accounts and other quirky debt and hybrid securities .

二级股本增加了未公开储备、贷款损失准备金、重估价帐户以及其它奇怪的债务和混合型证券。

AIG is now selling hybrid securities in dollar , euro and sterling tranches that will raise the equivalent of another $ 6.5bn .

该公司现正在发售美元、欧元和英镑批次的混合债券，预计将再筹集相当于65亿美元的资金。

For instance , if dividends to common stockholders were stopped , holders of hybrid securities risk being left with debt Zombies : uncalled bonds paying no coupon .

例如，如果停止向普通股股东派息，混合型证券持有者将面临只剩下僵尸债务未赎回的零息票债券的风险。

The bank may issue as much as $ 30bn in cocos over several years to replace a portfolio of hybrid securities that will no longer qualify as capital under new Basel committee rules .

瑞信可能在未来几年中发行总额300亿美元的可转换债券，以取代混合证券组合。按照巴塞尔（Basel）委员会的新规则，混合证券不能再算作资本。

Hybrid securities , which give holders ownership of the company but also pay a fixed interest rate , also enable banks to boost their regulatory capital requirements without diluting their existing shareholder base by issuing common equity .

混合证券不仅赋予持有者公司所有权，还支付固定利率。混合证券还通过发行普通股，使银行得以提高其监管资本金要求，同时不会稀释其现有股东的股权比例。

Lehman 's preferred shares also tumbled to new lows , a development that could hamper the company 's ability to raise additional capital by issuing more of these hybrid stock-debt securities .

雷曼兄弟优先股的价格也创出了新低，这有可能损害该公司发行更多这类股票-债券混合型证券以进一步筹集资金的能力。

Some banks have met up to more than half the existing regulatory requirements on capital buffers through the issuance of " hybrid " securities which are more like debt than equity , according to analysts .

分析师们表示，有些银行现在通过发行“混合”证券，来满足一半以上有关资本缓冲的现有监管要求，而这些证券更像债务，而非股本。

US banks have responded to the liquidity squeeze by issuing record amounts of preferred shares and other " hybrid " Securities a move that has bolstered their balance sheets but has caused concerns among credit ratings agencies .

美国各银行已通过发行创纪录数量的优先股及其它“混合”证券，来应对流动性紧缩的问题此举为银行资产负债表提供了支撑，但引发了信用评级机构的担忧。