{"id":30257,"date":"2023-12-07T09:06:22","date_gmt":"2023-12-07T09:06:22","guid":{"rendered":"https:\/\/masterskills.org\/blog\/hop-dong-hoan-doi-no-trai-phieu-debt-for-bond-swap-la-gi-dac-diem.html"},"modified":"2023-12-23T06:12:31","modified_gmt":"2023-12-22T23:12:31","slug":"hop-dong-hoan-doi-no-trai-phieu-debt-for-bond-swap-la-gi-dac-diem","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/hop-dong-hoan-doi-no-trai-phieu-debt-for-bond-swap-la-gi-dac-diem.html","title":{"rendered":"H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu (Debt For Bond Swap) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: BBVA<\/p>\n<\/figcaption><\/figure>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu <\/b>trong ti\u00ea\u0301ng Anh la\u0300 Debt For Bond Swap.<\/b><\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu<\/b> l\u00e0 m\u1ed9t lo\u1ea1i\u00a0h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i\u00a0n\u1ee3, trong \u0111\u00f3 hai b\u00ean h\u1ee3p \u0111\u1ed3ng trao \u0111\u1ed5i m\u1ed9t tr\u00e1i phi\u1ebfu ph\u00e1t h\u00e0nh m\u1edbi cho m\u1ed9t kho\u1ea3n\u00a0n\u1ee3 t\u1ed3n \u0111\u1ecdng\u00a0t\u01b0\u01a1ng \u0111\u01b0\u01a1ng, v\u00e0 ng\u01b0\u1ee3c l\u1ea1i.\u00a0<\/p>\n

Lo\u1ea1i\u00a0tr\u00e1i phi\u1ebfu\u00a0ph\u1ed5 bi\u1ebfn nh\u1ea5t \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu l\u00e0\u00a0tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 thu h\u1ed3i, v\u00ec tr\u00e1i phi\u1ebfu ph\u1ea3i \u0111\u01b0\u1ee3c thu h\u1ed3i tr\u01b0\u1edbc khi ho\u00e1n \u0111\u1ed5i v\u1edbi m\u1ed9t c\u00f4ng c\u1ee5 n\u1ee3 kh\u00e1c.\u00a0<\/p>\n

B\u1ea3n c\u00e1o b\u1ea1ch c\u1ee7a tr\u00e1i phi\u1ebfu ph\u1ea3i bao g\u1ed3m th\u00f4ng tin chi ti\u1ebft v\u1ec1 th\u1eddi gian thu h\u1ed3i s\u1ea3n ph\u1ea9m.\u00a0\u00a0<\/i><\/p>\n

C\u00e1c giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu di\u1ec5n ra \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 t\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c m\u1ee9c gi\u1ea3m\u00a0l\u00e3i su\u1ea5t\u00a0khi chi ph\u00ed vay gi\u1ea3m xu\u1ed1ng. Ngo\u00e0i ra, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f2n c\u00f3 nhi\u1ec1u l\u00ed do kh\u00e1c nh\u01b0 thay \u0111\u1ed5i\u00a0thu\u1ebf su\u1ea5t\u00a0ho\u1eb7c cho c\u00e1c m\u1ee5c \u0111\u00edch x\u00f3a thu\u1ebf. \u00a0\u00a0<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu \u00a0<\/font><\/h3>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu<\/b> x\u1ea3y ra khi m\u1ed9t c\u00f4ng ty, hay c\u00e1 nh\u00e2n, thu h\u1ed3i m\u1ed9t tr\u00e1i phi\u1ebfu \u0111\u00e3\u00a0ph\u00e1t h\u00e0nh\u00a0tr\u01b0\u1edbc \u0111\u00f3, \u0111\u1ec3 \u0111\u1ed5i l\u1ea5y m\u1ed9t c\u00f4ng c\u1ee5 n\u1ee3 kh\u00e1c. \u00a0\u00a0<\/p>\n

Th\u00f4ng th\u01b0\u1eddng, h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu trao \u0111\u1ed5i m\u1ed9t tr\u00e1i phi\u1ebfu v\u1edbi tr\u00e1i phi\u1ebfu kh\u00e1c v\u1edbi c\u00e1c \u0111i\u1ec1u kho\u1ea3n c\u00f3 l\u1ee3i h\u01a1n. Tr\u00e1i phi\u1ebfu th\u01b0\u1eddng c\u00f3 c\u00e1c qui t\u1eafc nghi\u00eam ng\u1eb7t li\u00ean quan \u0111\u1ebfn k\u00ec h\u1ea1n v\u00e0 l\u00e3i su\u1ea5t.\u00a0<\/p>\n

Do \u0111\u00f3, \u0111\u1ec3 \u0111\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi \u0111\u1eb7c th\u00f9 c\u1ee7a lo\u1ea1i h\u1ee3p \u0111\u1ed3ng n\u00e0y, c\u00e1c\u00a0c\u00f4ng ty ph\u00e1t h\u00e0nh\u00a0tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 g\u1ecdi \u0111\u01b0\u1ee3c, cho ph\u00e9p nh\u00e0 ph\u00e1t h\u00e0nh thu h\u1ed3i tr\u00e1i phi\u1ebfu b\u1ea5t c\u1ee9 l\u00fac n\u00e0o m\u00e0 kh\u00f4ng b\u1ecb ph\u1ea1t hay vi ph\u1ea1m \u0111i\u1ec1u kho\u1ea3n h\u1ee3p \u0111\u1ed3ng. \u00a0\u00a0<\/p>\n

V\u00ed d\u1ee5, n\u1ebfu l\u00e3i su\u1ea5t t\u0103ng, c\u00f4ng ty c\u00f3 th\u1ec3 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu m\u1edbi v\u1edbi\u00a0m\u1ec7nh gi\u00e1\u00a0th\u1ea5p h\u01a1n v\u00e0 r\u00fat l\u1ea1i kho\u1ea3n n\u1ee3 (tr\u00e1i phi\u1ebfu \u0111\u00e3 ph\u00e1t h\u00e0nh) hi\u1ec7n t\u1ea1i c\u00f3 m\u1ec7nh gi\u00e1 cao h\u01a1n.\u00a0<\/p>\n

Sau \u0111\u00f3, c\u00f4ng ty c\u0169ng c\u00f3 th\u1ec3 ghi nh\u1eadn kho\u1ea3n l\u1ed7 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu n\u00e0y \u0111\u1ec3 \u0111\u01b0\u1ee3c kh\u1ea5u tr\u1eeb thu\u1ebf. \u00a0\u00a0<\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu v\u00e0 Tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 thu h\u1ed3i\u00a0<\/font><\/h3>\n

Tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 thu h\u1ed3i l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 n\u1ee3 trong \u0111\u00f3 nh\u00e0 ph\u00e1t h\u00e0nh c\u00f3 quy\u1ec1n tr\u1ea3 l\u1ea1i ti\u1ec1n g\u1ed1c c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 ng\u1eebng thanh to\u00e1n l\u00e3i tr\u01b0\u1edbc\u00a0ng\u00e0y \u0111\u00e1o h\u1ea1n\u00a0c\u1ee7a tr\u00e1i phi\u1ebfu. \u00a0\u00a0<\/p>\n

Nh\u00e0 ph\u00e1t h\u00e0nh c\u00f3 th\u1ec3 thu h\u1ed3i m\u1ed9t tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n v\u00e0o n\u0103m 2030 \u1edf n\u0103m . Tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 thu h\u1ed3i th\u01b0\u1eddng \u0111\u01b0\u1ee3c mua l\u1ea1i v\u1edbi s\u1ed1 ti\u1ec1n cao h\u01a1n m\u1ec7nh gi\u00e1 m\u1ed9t ch\u00fat. \u00a0\u00a0<\/i><\/p>\n

V\u00ed d\u1ee5, n\u1ebfu l\u00e3i su\u1ea5t gi\u1ea3m k\u1ec3 t\u1eeb khi ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu, c\u00f4ng ty ph\u00e1t h\u00e0nh c\u00f3 th\u1ec3 mu\u1ed1n\u00a0t\u00e1i t\u00e0i tr\u1ee3\u00a0kho\u1ea3n n\u1ee3 v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n. H\u1ecd thu h\u1ed3i tr\u00e1i phi\u1ebfu hi\u1ec7n c\u00f3 v\u00e0 ph\u00e1t h\u00e0nh l\u1ea1i tr\u00e1i phi\u1ebfu v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n, ti\u1ebft ki\u1ec7m ti\u1ec1n c\u1ee7a c\u00f4ng ty.<\/p>\n

L\u01b0u \u00fd\u00a0tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p\u00a0v\u00e0\u00a0tr\u00e1i phi\u1ebfu \u0111\u00f4 th\u1ecb\u00a0l\u00e0 hai lo\u1ea1i tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 thu h\u1ed3i \u0111\u01b0\u1ee3c. \u00a0\u00a0<\/p>\n

Nh\u00ecn chung, m\u1ed9t h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu<\/b> c\u00f3 ngh\u0129a l\u00e0 ch\u1ee7 h\u1ee3p \u0111\u1ed3ng s\u1ebd ph\u00e1t h\u00e0nh m\u1ed9t tr\u00e1i phi\u1ebfu th\u1ee9 hai.\u00a0<\/p>\n

H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng ph\u1ed5 bi\u1ebfn nh\u1ea5t khi l\u00e3i su\u1ea5t gi\u1ea3m.\u00a0<\/i><\/p>\n

Do m\u1ed1i quan h\u1ec7 ngh\u1ecbch \u0111\u1ea3o gi\u1eefa l\u00e3i su\u1ea5t v\u00e0 gi\u00e1 tr\u00e1i phi\u1ebfu, khi l\u00e3i su\u1ea5t gi\u1ea3m, c\u00f4ng ty ph\u00e1t h\u00e0nh c\u00f3 th\u1ec3 thu h\u1ed3i tr\u00e1i phi\u1ebfu g\u1ed1c v\u1edbi l\u00e3i su\u1ea5t cao h\u01a1n, v\u00e0 ho\u00e1n \u0111\u1ed5i n\u00f3 v\u1edbi tr\u00e1i phi\u1ebfu m\u1edbi ph\u00e1t h\u00e0nh v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n. \u00a0\u00a0<\/p>\n

Tuy nhi\u00ean, h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu kh\u00f4ng y\u00eau c\u1ea7u ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu th\u1ee9 hai, c\u00f4ng ty c\u00f3 th\u1ec3 ch\u1ecdn s\u1eed d\u1ee5ng m\u1ed9t lo\u1ea1i c\u00f4ng c\u1ee5 n\u1ee3 kh\u00e1c \u0111\u1ec3 thay th\u1ebf tr\u00e1i phi\u1ebfu ban \u0111\u1ea7u.\u00a0 \u00a0\u00a0<\/p>\n

(Theo Investopedia)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n H\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3 – tr\u00e1i phi\u1ebfu (ti\u1ebfng Anh: Debt For Bond Swap) l\u00e0 m\u1ed9t lo\u1ea1i h\u1ee3p \u0111\u1ed3ng ho\u00e1n \u0111\u1ed5i n\u1ee3, trong \u0111\u00f3 hai b\u00ean h\u1ee3p \u0111\u1ed3ng trao \u0111\u1ed5i m\u1ed9t tr\u00e1i phi\u1ebfu ph\u00e1t h\u00e0nh m\u1edbi cho m\u1ed9t kho\u1ea3n n\u1ee3 t\u1ed3n \u0111\u1ecdng t\u01b0\u01a1ng \u0111\u01b0\u01a1ng, v\u00e0 ng\u01b0\u1ee3c l\u1ea1i.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30257"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30257"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30257\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}