担保债券

2月20日，在中新集团尽管一度推迟但仍在30天的宽限期内支付了利息后，穆迪投资者服务公司（Moody'sInvestorsService）上调了中新集团高级无担保债券的评级。

On Feb.20 , Moody 's Investors Service upgraded Neo-China 's senior unsecured bonds after the company made an interest payment that had been delayed but was still within a30-day grace period .

德意志银行（deutschebank）成为近3个月以来首家发行优先无担保债券的欧洲银行，进一步提振了市场情绪，表明融资市场的压力可能正在减轻。

Deutsche Bank boosted sentiment further after it became the first European bank to issue senior unsecured debt for nearly three months , indicating that stresses in funding markets may be easing .

花旗、美银和富国拒绝就是否会发行更多fdic担保债券发表置评。

Citi , BofA and wells declined to comment on whether they would issue more FDIC-backed debt .

dealogic的银行数据包括所谓的高级无担保债券发行，这是银行传统上主要的融资手段。

The Dealogic bank data includes so-called senior unsecured issuance , traditionally the bread and butter of bank funding .

德国的银行，包括deutschepfandbriefbank在内，正在研究发行结构性资产担保债券的可能性。

German banks , including Deutsche pfandbriefbank , are examining the possibility of issuing structured covered bonds .

通用电气（GE）虽未获政府资金，但其金融子公司通用电气金融（GECapital）已发行数十亿美元FDIC担保债券和无担保债券。通用电气表示，它将继续通过上述两条渠道筹集资金。

General Electric , which did not receive government funds but whose finance arm GE Capital has issued billions of dollars in FDIC-backed and non-guaranteed bonds , said it would continue to raise funds through both sources .

相对于一般债券，FDIC担保债券的发行成本较低，因为在有了政府担保的情况下，投资者愿意接受相对较低的利率。

FDIC-backed debt is cheaper to issue than normal debt because investors are prepared to accept a lower interest rate because of the government guarantee .

迪富尔表示，CFF计划追随一些欧洲发行者，在美国发行担保债券。

Mr Dufour says CFF plans to follow the lead of some European issuers , by selling covered bonds in the US .

在那之前，德国产业投资银行和sachsenlb等银行已积累了作为资产担保债券发行商的专业知识，为企业及自身需求服务。

By then , banks such as IKB and Sachsen LB had built-up expertise as issuers of asset-based bonds for companies as well as for their own requirements .

近几周来，评级最高的次级抵押贷款证券和债务担保债券（CDO）价格进一步大幅下挫，华尔街银行的亏损主要源自于这两类证券。

In recent weeks there have been further large price declines for the most highly rated subprime mortgage securities and collateralised debt obligations , which account for the bulk of the losses sustained by Wall Street banks .

毕竟，担保债券总比次级贷款更有吸引力。

Well , they 're a lot more attractive than sub-prime .

任何投资组合担都可以把担保债券包括进去。

This could be an anchor asset for any portfolio .

但担保债券会对银行资产构成拖累，使留给其它债权人的资产减少。

But covered bonds encumber bank assets , leaving less for other creditors .

那些令担保债券对于投资者而言更为安全的因素，会对其它银行债权人构成风险。

What makes covered bonds safer for investors poses risks to other bank creditors .

一旦公司破产，担保债券由特定的资产作保证。

Secured bonds have specific collateral backing them in the event of firm bankruptcy .

美国政府接管“两房”之后，抵押担保债券价格上涨。

Mortgage-backed bond prices rose after the US government seized control of the agencies .

另一项方案可以与第一项同时实施，将担保债券持有人不受损失。

The other , which could run in parallel , would guarantee against losses by bondholders .

担保债券是一种由相对优质的贷款和抵押贷款组成的债务。

Covered bonds are a type of debt made up of relatively high-quality loans and mortgages .

2010年，加拿大与欧洲银行共向美国投资者销售了超过300亿美元的资产担保债券。

Canadian and European banks sold more than $ 30bn of covered bonds to US investors in 2010 .

在金融危机期间，尽管其它市场陷入冰冻，但欧洲银行仍然通过资产担保债券募集到了资金。

European banks managed to raise funds via covered bonds throughout the crisis even as other markets froze .

债券市场的另一个巨大变化，是银行的政府担保债券计划将逐渐结束。

Another big shift in the bond market will be the winding down of government-guaranteed debt programmes by banks .

与此相反，担保债券的付款是由银行担保的，无论打包的贷款表现有多糟。

In contrast , covered bonds have payments that are bank-guaranteed regardless of how poorly the packaged loans perform .

银行融资的主要来源高级无担保债券的发行规模为2003年以来最低。

The amount of senior unsecured debt , a mainstay of bank funding , is at its lowest since 2003 .

债务担保债券被分割为不同风险和回报等级、并出售给投资者的一批债务。

CDOs are pools of debt that are sliced into tranches of varying risk and return that sold onto investors .

近年来，该领域一直是抵押贷款担保债券市场中增长最快的领域之一。

In recent years , this area has been one of the fastest-growing parts of the market for mortgage-backed bonds .

通用汽车的债券持有者抵制其推动减少三分之二无担保债券的努力，而这是政府纾困的一个条件。

GM 's bondholders are resisting its push to cut its unsecured debt by two-thirds , a condition of the bail-out .

最近几个月，担保债券占融资总额的45%，而平均水平为29%。

Covered bonds accounted for 45 per cent of funding in recent months , from an average of 29 per cent .

甚至连欧洲央行在购买有担保债券问题上，也多少有点屈从于国际压力，她表示。

Even the European Central Bank has somewhat bowed to international pressure with its purchase of covered bonds , she said .

一些欧元区国家的经济困境令投资者对于无担保债券保持警惕，对于这些国家的银行而言，这种债券仍是一条生命线。

The bonds remain a lifeline for banks in eurozone countries whose economic woes have made investors wary of unsecured debt .

这不包括越来越受银行欢迎的担保债券，即将贷款和抵押贷款打包发行的债券。

It excludes covered bonds , the bundled packages of loans and mortgages that have become increasingly popular for banks to issue .