{"id":30814,"date":"2023-12-07T09:55:06","date_gmt":"2023-12-07T09:55:06","guid":{"rendered":"https:\/\/masterskills.org\/blog\/trai-phieu-co-lai-suat-co-dinh-straight-bond-la-gi.html"},"modified":"2023-12-23T06:15:09","modified_gmt":"2023-12-22T23:15:09","slug":"trai-phieu-co-lai-suat-co-dinh-straight-bond-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/trai-phieu-co-lai-suat-co-dinh-straight-bond-la-gi.html","title":{"rendered":"Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh (Straight Bond) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda<\/p>\n<\/div>\n<\/div>\n

Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span> (Straight Bond)<\/font><\/h2>\n

\u0110\u1ecbnh ngh\u0129a<\/b><\/p>\n

Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span><\/b>\u00a0(hay c\u00f2n g\u1ecdi l\u00e0 tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/b>) trong ti\u1ebfng Anh l\u00e0 straight bond <\/b>ho\u1eb7c fixed-rate bond.<\/b><\/p>\n

Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span><\/i> l\u00e0 c\u00f4ng c\u1ee5 n\u1ee3 \u0111\u01b0\u1ee3c n\u1eafm gi\u1eef b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh d\u00f9ng \u0111\u1ec3 cho c\u00e1c th\u1ef1c th\u1ec3 trong n\u1ec1n kinh t\u1ebf vay ti\u1ec1n. C\u00e1c th\u1ef1c th\u1ec3 n\u00e0y c\u00f3 th\u1ec3 l\u00e0 ch\u00ednh ph\u1ee7, \u0111\u00f4 th\u1ecb ho\u1eb7c t\u1ed5 ch\u1ee9c cam k\u1ebft s\u1ebd tr\u1ea3 l\u00e3i cho kho\u1ea3n n\u1ee3 v\u00e0 khi \u0111\u00e1o h\u1ea1n s\u1ebd tr\u1ea3 l\u1ea1i kho\u1ea3n vay ban \u0111\u1ea7u.<\/p>\n

Hi\u1ec3u theo c\u00e1ch \u0111\u01a1n gi\u1ea3n, tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span><\/i> l\u00e0 lo\u1ea1i tr\u00e1i phi\u1ebfu truy\u1ec1n th\u1ed1ng cam k\u1ebft tr\u1ea3 l\u00e3i \u0111\u1ecbnh k\u00ec trong \u0111\u00f3\u00a0l\u1ee3i t\u1ee9c \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh theo m\u1ed9t t\u1ec9<\/span> l\u1ec7 ph\u1ea7n tr\u0103m (%) c\u1ed1 \u0111\u1ecbnh t\u00ednh theo m\u1ec7nh gi\u00e1.<\/p>\n

V\u00ed d\u1ee5<\/font><\/h3>\n

M\u1ed9t tr\u00e1i phi\u1ebfu chi\u1ebft kh\u1ea5u v\u1edbi m\u1ec7nh gi\u00e1 1.000 \u0111\u00f4 la \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi m\u1ed9t c\u00f4ng ty. Tr\u00e1i phi\u1ebfu s\u1ebd \u0111\u01b0\u1ee3c thu h\u1ed3i sau 10 n\u0103m k\u1ec3 t\u1eeb ng\u00e0y ph\u00e1t h\u00e0nh v\u00e0 l\u00e3i su\u1ea5t coupon \u0111\u01b0\u1ee3c \u1ea5n \u0111\u1ecbnh \u1edf m\u1ee9c 5%.<\/p>\n

Ti\u1ec1n l\u00e3i s\u1ebd \u0111\u01b0\u1ee3c thanh to\u00e1n h\u00e0ng n\u0103m, do \u0111\u00f3, c\u00e1c tr\u00e1i ch\u1ee7 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c:<\/p>\n

5% x 1.000 = 50 (\u0111\u00f4 la) m\u1ed7i n\u0103m trong v\u00f2ng m\u01b0\u1eddi n\u0103m.<\/p>\n

V\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n, kho\u1ea3n thanh to\u00e1n cu\u1ed1i c\u00f9ng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n bao g\u1ed3m ti\u1ec1n l\u00e3i c\u1ed9ng v\u1edbi s\u1ed1 ti\u1ec1n mua l\u1ea1i c\u1ee7a m\u1ec7nh gi\u00e1 tr\u00e1i phi\u1ebfu. Tr\u00e1i phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh v\u00e0 mua v\u1edbi gi\u00e1 tr\u1ecb chi\u1ebft kh\u1ea5u l\u00e0 925 \u0111\u00f4 la v\u00e0 tr\u00e1i ch\u1ee7 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c m\u1ec7nh gi\u00e1 1.000 \u0111\u00f4 la v\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n.<\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111o l\u01b0\u1eddng\u00a0l\u1ee3i su\u1ea5t hi\u1ec7n h\u00e0nh\u00a0c\u1ee7a tr\u00e1i phi\u1ebfu n\u00e0y b\u1eb1ng c\u00e1ch l\u1ea5y l\u00e3i su\u1ea5t h\u00e0ng n\u0103m chia cho gi\u00e1 tr\u00e1i phi\u1ebfu. L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i trong v\u00ed d\u1ee5 tr\u00ean l\u00e0:<\/p>\n

50 \/ 925 = 5,41%<\/p>\n

Nh\u1eadn x\u00e9t<\/font><\/h3>\n

– Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span><\/b> l\u00e0 c\u00f4ng c\u1ee5 n\u1ee3 c\u01a1 b\u1ea3n nh\u1ea5t. Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 tr\u00e1i phi\u1ebfu c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh (plain vanilla bond) v\u00ec n\u00f3 kh\u00f4ng c\u00f3 t\u00ednh n\u0103ng b\u1ed5 sung m\u00e0 c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu kh\u00e1c c\u00f3 th\u1ec3 c\u00f3.<\/p>\n

– T\u1ea5t c\u1ea3 c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu kh\u00e1c l\u00e0 c\u00e1c bi\u1ebfn th\u1ec3 ho\u1eb7c b\u1ed5 sung cho c\u00e1c t\u00ednh n\u0103ng tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span><\/i> ti\u00eau chu\u1ea9n.<\/p>\n

V\u00ed d\u1ee5, m\u1ed9t s\u1ed1 tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i th\u00e0nh c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng v\u00e0 m\u1ed9t s\u1ed1 tr\u00e1i phi\u1ebfu kh\u00e1c c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c thu h\u1ed3i (Callable Bond\/Redeemable Bond) tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee7a ch\u00fang. C\u00e1c tr\u00e1i phi\u1ebfu \u0111\u1eb7c bi\u1ec7t nh\u01b0 tr\u00e1i phi\u1ebfu chuy\u1ec3n \u0111\u1ed5i, tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 mua l\u1ea1i, tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 b\u00e1n l\u1ea1i \u0111\u01b0\u1ee3c c\u1ea5u tr\u00fac nh\u01b0 tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh<\/span><\/i> k\u1ebft h\u1ee3p v\u1edbi quy\u1ec1n ch\u1ecdn ho\u1eb7c ch\u1ee9ng quy\u1ec1n.<\/p>\n

– M\u1ecdi tr\u00e1i phi\u1ebfu \u0111\u1ec1u ti\u1ec1m \u1ea9n r\u1ee7i ro v\u1ee1 n\u1ee3 – \u0111\u00f3 l\u00e0 r\u1ee7i ro m\u00e0 c\u00f4ng ty\/ t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 ph\u00e1 s\u1ea3n v\u00e0 kh\u00f4ng th\u1ec3 th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5 n\u1ee3 c\u1ee7a m\u00ecnh.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: Straight Bond, Investopedia)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Tr\u00e1i phi\u1ebfu c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh (ti\u1ebfng Anh: Straight Bond) l\u00e0 lo\u1ea1i tr\u00e1i phi\u1ebfu truy\u1ec1n th\u1ed1ng cam k\u1ebft tr\u1ea3 l\u00e3i \u0111\u1ecbnh k\u00ec trong \u0111\u00f3 l\u1ee3i t\u1ee9c \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh theo m\u1ed9t t\u1ec9 l\u1ec7 ph\u1ea7n tr\u0103m (%) c\u1ed1 \u0111\u1ecbnh t\u00ednh theo m\u1ec7nh gi\u00e1.\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\/30814"}],"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=30814"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30814\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}