Asia
Floating-Rate Issuance at Record Pace
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To
catch demand from U.S. investors worried about rising interest rates, Asian
companies are changing the way they raise cash by selling floating-rate debt at
the fastest pace on record.Unlike traditional bonds with fixed annual interest
payments, these types of notes have coupons that usually adjust every quarter to
track market rates and therefore offer better protection from rising interest
rates.
亚洲浮动利率债券发行量飙升
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亚洲企业正在改变筹资方式，以史上最快的速度发行浮动利率债券，借此抓住那些为利率上升而感到忧虑的美国投资者的需求。不同于每年支付固定利息的传统债券，浮动利率债券的票面利率通常每一季度都会跟随市场利率进行调整，因此能够更加有效地降低利率上升带来的风险。