Ndeipi Eurobonds uye Iwe Unowedzera Sei Mavari?

Zvinyorwa uye Dhiyabhorosi yeEurobonds

Fungidzira kuti kambani inobva kuUnited States inoda kuwedzera mucheka weIndia uye inoda kusimudzira mari yekuvaka nzvimbo dzekutengesa. Sezvo dzimba dzekuvaka dzichabatwa muIndia rupies, uye kambani yacho isingatore chikwereti chechikwereti muIndia , inogona kusarudza kubudisa musangano we-rupee-denominated muUnited States. Iko kambani inobhadhara nechezasi yekubhadhara mari apo vashandi vekuUnited States vanobatsirwa nekusiyana kwakasiyana -siyana .

Izvi zvinonzi Eurobonds zvakanyanya kuzivikanwa nekusimudzirwa kwekudyidzana kwenyika . Muchikamu chino, tichaona ma eurobond, maitiro avo uye zvinetso, uye kuti varairi vepasi rose vanogona sei kuisa mazviri.

Chii chinonzi Eurobonds?

Muna 1963, Autostrade, imwe yemigwagwa yeItaly yemugwagwa, yakabudisa 60,000 makore gumi nematoro zvisungo pamwe nemari yepamusoro ye $ 250 US madhora uye 5.5% yegore roga roga. Iyo kambani yakasarudza kubudisa zvisungo muUnited States pane nzvimbo yeItaly kuvhara Inofanirwa Kubhadhara Mutero muUnited States. Izvisungo zvikava ma eurobond okutanga kubva munyika kubvira apo zvakabudiswa muItaly uye zvakanyorwa mumadhora eU.S. panzvimbo yeItaly lira.

Eurobonds, kana zvibvumirano zvekunze, zvibvumirano zvenyika dzakawanda zvinoratidzirwa mune imwe mari kunze kweiyo inopa. Pasinei nezita ravo, eurobonds haisi kureva mahedheni muurosi uye inogona kutora maitiro akasiyana-siyana. Euroyen uye Eurodollar zvisungo, somuenzaniso, zvakanyorwa muJapan neAmerica madhora, maererano.

Mazhinji ehurumende ndeyezvisungo zvinoshandiswa nemagetsi kuburikidza nekudzikisa dzimba, kufanana neEuroclear uye Clearstream.

Ma Eurobond mazhinji ane mazita okuti akasiyana-siyana anowanzoshandiswa pakati pevatengesi nevatengesi. Semuenzaniso, izwi rokuti Samurai bond rinoreva maJoken yen-denominated eurobonds, asi izwi rokuti Bulldog bond rinoreva maBritish mapaundi-masangano eEurobond.

Zvakakosha kuziva kuti eurobonds hazvifananidzi nezvisungo zvekunze. Zvisungo zvekunze kune dzimwe nyika zvinoshandiswa nevatorwa vedzimwe nyika mumisika yepamusha yepamusha uye inoratidzirwa mune mari yavo. Zvisinei, zvibvumirano zvekune imwe nyika zvinonyorwa pasi nehurumende yebhishopi rehurumende maererano nemitemo yezvokuchengetedzwa kwedzimba asi eurobonds haisi kusati yatanga kupa zvinyorwa kana kuzarura zvido (saka ivo vanoita nhengo yehutano).

Zvakakosha kuziva kuti izwi rokuti Eurobond - rine "E" guru-rinoreva kusagadziriswa kwezvisungo zvekubatana zvakabudiswa neEurozone nyika. Sangano rakabatana rakabudiswa, Eurobonds yaizobatsira kuderedza mari yekubhadhara mari yevanhu vasina simba veEurozone, dzakadai seItaly kana Spain.

Batsirwa uye Drawbacks

Iyo inobatsira zvikuru kune ye eurobond, kana ichienzaniswa nehukama hwekunze, ndiyo yakaderedzwa mitemo yepamutemo uye yakanyanya kugadziriswa. Kubudiswa kweEurobond kunotungamirirwa nemakambani maitiro panzvimbo yehurumende yepamutemo, iyo inobvumira vanotengesa kuti vasaita mapepa ekuronga, kuderedza mari, uye pakupedzisira vanobudisa zvisungo nokukurumidza. Vashambadzi vanewo kusununguka kwekusunungura zvisungo munyika uye mari yekusarudza kwavo.

Kune vashandi vemari, mabhiriyoni anopa zvishoma pamitengo uye haasi pasi pekutsvaga kubhadhara mitero sezvisungo zvakawanda zvekunze.

Mutakuri wehutano hwema eurobond zvinoreva kuti makambani haafaniri kutora chikwereti chezvibereko kune vane hutori, izvo zvinoreva kuti zviri kune vanhu kuti vataure mari. Makwikwi akawandisawo mumusika we eurobond kune wekunze mushambadzi wekutengeserana, izvo zvinoshandura kumakwikwi akawanda ekukwikwidzana uye kutengeswa.

Iko kunyanya kukanganisa kwema eurobvu ndeyokuti havatongororwi nevatongi vekumba, izvo zvinogona kuwedzera dambudziko ravo. Vashandi vanofanirwawo kutora kuverenga uye kubvisa mitero ivo pachavo pane kuti vaite zvisiri izvo zvinoregererwa kana kuudzwa kune vane mutero. Uye pakupedzisira, vatengesi vanofanirawo kuita kuti chero zvipi zvingashandurwa kune dzimwe nyika zvingabatanidzwa nenhau, izvo zvingave zvisingabatsiri pavanosangana nemakwenzi ekufambisa kana kumiganhu.

Nzira Yokushandisa Sei muEurobonds

Eurobonds inogona kutengwa nenzira yakafanana nedzimwe humwe hutano kuburikidza nehuwandu hwemashamba ekugovana.

Parizvino, Luxembourg Stock Exchange uye London Stock Exchange ndiyo mbiri mbiri dzekutsvaga mari mumari, asi kune dzakawanda nyaya dzakapoteredza nyika.

Vashandi vanotarisa muzvisungo izvi vanofanira kuva nechokwadi chekuita nekushingaira kwakakwana kuti vaone kuti vanonzwa vakasununguka nemashoko uye njodzi dzinobatanidzwa nezvisungo. Izvo zvibvumirano zvinofanirawo kuiswa sechikamu chemahofisi ezvinyorwa zvakasiyana-siyana kuti kuderedze njodzi dzinobva kune imwe nyika, mari, kana yefa. Ndiyo pfungwa yakanaka yekukurukura nemudzidzisi wezvemari kana kuti mutengesi asati atenga ma eurobond kuti anzwisise zvizere izvi zvinokonzera ngozi.