{"id":8309,"date":"2023-11-30T02:24:10","date_gmt":"2023-11-30T02:24:10","guid":{"rendered":"https:\/\/masterskills.org\/blog\/trai-phieu-rong-dragon-bond-la-gi-dac-diem.html"},"modified":"2023-12-06T08:03:53","modified_gmt":"2023-12-06T08:03:53","slug":"trai-phieu-rong-dragon-bond-la-gi-dac-diem","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/trai-phieu-rong-dragon-bond-la-gi-dac-diem.html","title":{"rendered":"Tr\u00e1i phi\u1ebfu r\u1ed3ng (Dragon Bond) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m"},"content":{"rendered":"
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\"Tr\u00e1i<\/div>\n
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\u1ea2nh minh h\u1ecda. Ngu\u1ed3n: Investopedia.<\/p>\n<\/div>\n<\/div>\n

Tr\u00e1i phi\u1ebfu r\u1ed3ng <\/font><\/b><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Tr\u00e1i phi\u1ebfu r\u1ed3ng<\/b> ti\u1ebfng Anh l\u00e0 Dragon Bond.<\/b><\/p>\n

Tr\u00e1i phi\u1ebfu r\u1ed3ng<\/b> l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi m\u1ed9t ng\u00e2n h\u00e0ng ch\u00e2u \u00c1, ngo\u1ea1i tr\u1eeb Nh\u1eadt B\u1ea3n, c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng ngo\u1ea1i t\u1ec7, th\u01b0\u1eddng b\u1eb1ng \u0111\u00f4 la M\u1ef9 ho\u1eb7c Y\u00ean Nh\u1eadt. Tr\u00e1i phi\u1ebfu r\u1ed3ng c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 \u0111\u01b0\u1ee3c coi l\u00e0 ti\u1ec1n t\u1ec7 \u1ed5n \u0111\u1ecbnh h\u01a1n so v\u1edbi ti\u1ec1n t\u1ec7 n\u1ed9i \u0111\u1ecba, h\u1ea5p d\u1eabn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a Tr\u00e1i phi\u1ebfu r\u1ed3ng<\/font><\/b><\/h3>\n

Tr\u00e1i phi\u1ebfu r\u1ed3ng c\u00f3 th\u1ec3 ph\u1ee9c t\u1ea1p h\u01a1n c\u00e1c tr\u00e1i phi\u1ebfu kh\u00e1c do s\u1ef1 kh\u00e1c bi\u1ec7t qu\u1ed1c t\u1ebf v\u1ec1 thu\u1ebf, c\u00e1c v\u1ea5n \u0111\u1ec1 tu\u00e2n th\u1ee7 qui \u0111\u1ecbnh m\u00e0 c\u00e1c c\u00f4ng ty ph\u00e1t h\u00e0nh ch\u00fang ph\u1ea3i \u0111\u1ed1i m\u1eb7t, c\u1ed9ng v\u1edbi thanh kho\u1ea3n h\u1ea1n ch\u1ebf khi giao d\u1ecbch ch\u00fang tr\u00ean th\u1ecb tr\u01b0\u1eddng th\u1ee9 c\u1ea5p.<\/p>\n

Tuy nhi\u00ean, ch\u00fang \u0111\u01b0\u1ee3c c\u1ea5u tr\u00fac m\u1ed9t c\u00e1ch h\u1ea5p d\u1eabn nh\u1ea5t c\u00f3 th\u1ec3 \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00ean ngo\u00e0i ch\u00e2u \u00c1, ch\u1ee7 y\u1ebfu v\u00ec ch\u00fang gi\u1ea3m thi\u1ec3u r\u1ee7i ro ngo\u1ea1i h\u1ed1i c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn khi gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 thay \u0111\u1ed5i. Trong h\u1ea7u h\u1ebft c\u00e1c kh\u00eda c\u1ea1nh, tr\u00e1i phi\u1ebfu r\u1ed3ng l\u00e0 \u0111\u1ea1i di\u1ec7n ch\u00e2u \u00c1 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng c\u1ee7a tr\u00e1i phi\u1ebfu ch\u00e2u \u00c2u \u1edf ch\u1ed7 ch\u00fang \u0111\u01b0\u1ee3c m\u1ec7nh gi\u00e1 b\u1eb1ng lo\u1ea1i \u0111\u01a1n v\u1ecb ti\u1ec1n t\u1ec7 \u0111\u01b0\u1ee3c cho l\u00e0 \u1ed5n \u0111\u1ecbnh, nh\u01b0ng \u0111\u01b0\u1ee3c giao d\u1ecbch \u1edf ch\u00e2u \u00c1, kh\u00f4ng ph\u1ea3i ch\u00e2u \u00c2u.<\/p>\n

V\u00ec sao tr\u00e1i phi\u1ebfu r\u1ed3ng gi\u1ea3m thi\u1ec3u r\u1ee7i ro?<\/font><\/b><\/h3>\n

Tr\u00e1i phi\u1ebfu r\u1ed3ng, \u0111\u01b0\u1ee3c\u00a0Ng\u00e2n h\u00e0ng Ph\u00e1t tri\u1ec3n Ch\u00e2u \u00c1 (ADB)\u00a0gi\u1edbi thi\u1ec7u l\u1ea7n \u0111\u1ea7u ti\u00ean v\u00e0o n\u0103m 1991, \u0111\u1ec3 m\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh \u1edf ch\u00e2u \u00c1 v\u00e0 ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh ch\u00e2u \u00c1 n\u0103ng \u0111\u1ed9ng h\u01a1n. M\u1eb7c d\u00f9 c\u00e1c c\u00f4ng ty ch\u00e2u \u00c1 \u0111\u00e3 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu b\u1eb1ng n\u1ed9i t\u1ec7, nh\u01b0ng tr\u00e1i phi\u1ebfu r\u1ed3ng v\u1eabn h\u1ea5p d\u1eabn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc c\u00f3 ngu\u1ed3n ti\u1ebfp c\u1eadn v\u1ed1n h\u1ea1n ch\u1ebf.<\/p>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i th\u01b0\u1eddng kh\u00f4ng mu\u1ed1n mua tr\u00e1i phi\u1ebfu c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 th\u1ec3 dao \u0111\u1ed9ng nhanh ch\u00f3ng. C\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 nh\u01b0 \u0111\u00f4 la M\u1ef9 v\u00e0 \u0111\u1ed3ng y\u00ean Nh\u1eadt \u0111\u01b0\u1ee3c coi l\u00e0 \u0111\u1ee7 \u1ed5n \u0111\u1ecbnh \u0111\u1ec3 t\u00edch l\u0169y t\u00e0i s\u1ea3n.<\/p>\n

V\u00ed d\u1ee5, m\u1ed9t c\u00f4ng ty Indonesia c\u00f3 th\u1ec3 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu 20 n\u0103m c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng \u0111\u1ed3ng Rrupiah c\u1ee7a Indonesia (IDR), v\u1edbi l\u00e3i su\u1ea5t coupon l\u00e0 4% \u0111\u01b0\u1ee3c tr\u1ea3 h\u00e0ng n\u0103m. N\u1ebfu USD\/Rupiah c\u1ee7a Indonesia (USD\/IDR) l\u00e0 10.000 Rupiah tr\u00ean 1 USD, th\u00ec tr\u00e1i phi\u1ebfu 100 tri\u1ec7u Rupiah s\u1ebd t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi 10.000 USD. M\u1ed7i kho\u1ea3n thanh to\u00e1n l\u00e3i 4 tri\u1ec7u Rupiah s\u1ebd t\u01b0\u01a1ng \u1ee9ng v\u1edbi 400 USD t\u1ea1i th\u1eddi \u0111i\u1ec3m tr\u00e1i phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh.<\/p>\n

\u0110\u1ed1i v\u1edbi m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 Indonesia, kho\u1ea3n \u0111\u1ea7u t\u01b0 100 tri\u1ec7u Rupiah s\u1ebd tr\u1ea3 4 tri\u1ec7u Rupiah m\u1ed7i n\u0103m b\u1eb1ng ti\u1ec1n l\u00e3i sau 20 n\u0103m. Nh\u01b0ng \u0111\u1ed1i v\u1edbi m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua m\u1ed9t tr\u00e1i phi\u1ebfu nh\u01b0 v\u1eady v\u1edbi USD, m\u1ed9t chuy\u1ec3n \u0111\u1ed9ng b\u1ea5t l\u1ee3i gi\u1eefa gi\u00e1 tr\u1ecb t\u01b0\u01a1ng \u0111\u1ed1i c\u1ee7a hai lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 th\u1ec3 t\u1ea1o ra th\u00eam nhi\u1ec1u r\u1ee7i ro.<\/p>\n

N\u1ebfu trong n\u0103m t\u1edbi, t\u1ec9 gi\u00e1 h\u1ed1i \u0111o\u00e1i chuy\u1ec3n t\u1eeb 10.000 IDR\/1 USD sang 11.000 IDR\/1 USD, th\u00ec kho\u1ea3n thanh to\u00e1n coupon \u0111\u1ea7u ti\u00ean 4 tri\u1ec7u Rupiah s\u1ebd ch\u1ec9 c\u00f3 gi\u00e1 tr\u1ecb kho\u1ea3ng 364 USD thay v\u00ec 400 USD nh\u01b0 d\u1ef1 ki\u1ebfn khi tr\u00e1i phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh l\u1ea7n \u0111\u1ea7u ti\u00ean. M\u1ec7nh gi\u00e1 100 tri\u1ec7u Rupiah c\u1ee7a tr\u00e1i phi\u1ebfu s\u1ebd tr\u1ecb gi\u00e1 kho\u1ea3ng 9.091 USD. V\u00e0 n\u1ebfu l\u00e3i su\u1ea5t hi\u1ec7n h\u00e0nh t\u0103ng l\u00ean, gi\u00e1 tr\u1ecb c\u1ee7a tr\u00e1i phi\u1ebfu s\u1ebd c\u00f2n th\u1ea5p h\u01a1n n\u1eefa.<\/p>\n

Tuy nhi\u00ean, m\u1ed9t tr\u00e1i phi\u1ebfu r\u1ed3ng c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng \u0111\u00f4 la M\u1ef9, trong khi v\u1eabn ch\u1ecbu r\u1ee7i ro l\u00e3i su\u1ea5t, s\u1ebd kh\u00f4ng ph\u1ea3i ch\u1ecbu r\u1ee7i ro ti\u1ec1n t\u1ec7. N\u1ec1n kinh t\u1ebf khu v\u1ef1c \u0111\u00e3 thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 trong nh\u1eefng n\u0103m k\u1ec3 t\u1eeb khi tr\u00e1i phi\u1ebfu r\u1ed3ng ra m\u1eaft v\u00e0o n\u0103m 1991, bao g\u1ed3m cu\u1ed9c\u00a0kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh ch\u00e2u \u00c1\u00a0n\u0103m 1997 v\u00e0 s\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a n\u1ec1n kinh t\u1ebf Trung Qu\u1ed1c. Tuy nhi\u00ean, tr\u00e1i phi\u1ebfu r\u1ed3ng gi\u00fap th\u1ecb tr\u01b0\u1eddng ch\u00e2u \u00c1 thu h\u00fat th\u00eam \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i. <\/p>\n

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

\n Tr\u00e1i phi\u1ebfu r\u1ed3ng (ti\u1ebfng Anh: Dragon Bond) l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi m\u1ed9t ng\u00e2n h\u00e0ng ch\u00e2u \u00c1, ngo\u1ea1i tr\u1eeb Nh\u1eadt B\u1ea3n, c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng ngo\u1ea1i t\u1ec7, th\u01b0\u1eddng b\u1eb1ng \u0111\u00f4 la M\u1ef9 ho\u1eb7c Y\u00ean Nh\u1eadt.\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\/8309"}],"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=8309"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/8309\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=8309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=8309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=8309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}