A guaranteed bond is a type of bond that comes with a guarantee, often provided by a third party, to assure the bondholders that they will receive timely interest payments and the return of their principal investment. The guarantee reduces the credit risk associated with the bond, making it more attractive to investors. The entity providing the guarantee is typically a financially stable organization, such as a parent company, a government agency, or a financial institution.
Key features of guaranteed bonds include:
1. **Guarantee Provider:**
– The guarantee is provided by a third party, often a parent company or a financially strong institution. This entity commits to making interest payments and repaying the principal if the issuing company (the bond issuer) is unable to meet its obligations.
2. **Reduced Credit Risk:**
– The presence of a guarantee reduces the credit risk associated with the bond. Investors view guaranteed bonds as safer investments compared to bonds without such guarantees.
3. **Issuer’s Credit Rating:**
– The credit rating of the bond is typically influenced by the creditworthiness of the guarantee provider rather than the issuer. If the guarantee provider has a high credit rating, it positively affects the bond’s overall credit quality.
4. **Terms and Conditions:**
– The terms and conditions of the guarantee are specified in the bond agreement. This includes the scope of the guarantee, the circumstances under which the guarantee comes into effect, and any conditions or obligations imposed on the issuer.
5. **Parent-Subsidiary Relationship:**
– In many cases, guaranteed bonds are issued by subsidiaries of larger, more creditworthy parent companies. The parent company provides the guarantee to enhance the subsidiary’s ability to raise capital at favorable terms.
6. **Interest Payments and Principal Repayment:**
– If the issuer fails to make interest payments or repay the principal at maturity, the guarantee provider steps in to fulfill these obligations. This assurance provides a level of security for bondholders.
7. **Market Perception:**
– Guaranteed bonds are often perceived as having lower risk, which can lead to lower yields compared to similar non-guaranteed bonds. Investors are willing to accept lower returns in exchange for the added security provided by the guarantee.
Guaranteed bonds are common in various sectors, including corporate finance, municipal bonds, and international finance. They provide a way for entities with lower credit ratings to access the capital markets at more favorable borrowing costs by leveraging the creditworthiness of a guarantor.
Investors considering guaranteed bonds should carefully review the terms of the guarantee, assess the creditworthiness of the guarantee provider, and understand the potential implications on overall investment risk and return. Additionally, market conditions and the perceived creditworthiness of the guarantee provider can impact the pricing and demand for guaranteed bonds.
Bodi ya dhamana ni aina ya dhamana ambayo inakuja na dhamana, mara nyingi hutolewa na mtu wa tatu, ili kuwahakikishia wamiliki wa dhamana kwamba watapokea malipo ya riba ya wakati na kurudi kwa uwekezaji wao wa msingi. dhamana hupunguza hatari ya mikopo kuhusishwa na dhamana, na kufanya hivyo kuvutia zaidi kwa wawekezaji. Shirika linalotoa dhamana kwa kawaida ni shirika lenye utulivu wa kifedha, kama vile kampuni mama, shirika la serikali, au taasisi ya kifedha. Sifa kuu za dhamana zilizoahidiwa ni pamoja na: 1. ** Mtoa dhamana:**  Dhamana hutolewa na mtu wa tatu, mara nyingi kampuni mama au taasisi yenye nguvu ya kifedha. Shirika hili linajitolea kufanya malipo ya riba na kulipa mtaji ikiwa kampuni inayotoa (mtoaji wa dhamana) haiwezi kutimiza majukumu yake. 2. Uwezekano wa kupata ** Kupunguzwa kwa Hatari ya Mikopo: **  Uwepo wa dhamana hupunguza hatari ya mkopo inayohusiana na dhamana. Wawekezaji huona dhamana zilizo na dhamana kama uwekezaji salama zaidi ikilinganishwa na dhamana zisizo na dhamana hizo. 3. Uwe na mtazamo wa kweli ** Emitters 'Mfano wa mikopo: ** <unk> Mfano wa mikopo ya dhamana ni kawaida kuathiriwa na sifa ya mkopo wa mtoa dhamana badala ya mtoa. Kama mtoa dhamana ina kiwango cha juu cha mikopo, ni athari chanya ya dhamana ya jumla ya ubora wa mikopo. 4. Uwe na uhakika ** Masharti na Masharti:**  Masharti na masharti ya dhamana ni maalum katika makubaliano ya dhamana. Hii inajumuisha wigo wa dhamana, hali ambazo dhamana inakuja, na masharti yoyote au majukumu yaliyowekwa kwa mtoaji. 5. Uwe na mtazamo mzuri. **Mama-Mwanzilishi Uhusiano: ** Katika kesi nyingi, dhamana walijaribiwa ni iliyotolewa na kampuni tanzu ya kubwa, zaidi creditworthy kampuni mama. Kampuni mama hutoa dhamana ya kuongeza uwezo wa kampuni tanzu ya kuongeza mtaji kwa masharti mazuri. 6. Uwe na uhakika * Malipo ya riba na malipo ya msingi: * Ikiwa mtoaji anashindwa kulipa malipo ya riba au kulipa malipo ya msingi wakati wa ukomavu, mtoa dhamana huingilia kati kutimiza majukumu haya. Hakikisha hii hutoa ngazi ya usalama kwa wamiliki wa dhamana. 7. Uwe na mtazamo gani? """Bond za dhamana mara nyingi huonekana kuwa na hatari ya chini, ambayo inaweza kusababisha mapato ya chini ikilinganishwa na dhamana zinazofanana zisizo na dhamana." Wawekezaji wako tayari kukubali mapato ya chini kwa kubadilishana na usalama wa ziada unaotolewa na dhamana. Dhamana zilizoahidiwa ni za kawaida katika sekta mbalimbali, ikiwa ni pamoja na fedha za ushirika, dhamana za manispaa, na fedha za kimataifa. Hizi kutoa njia kwa ajili ya vyombo na ratings chini ya mikopo ya kupata masoko ya mtaji kwa gharama za kukopa mazuri zaidi kwa leveraging sifa ya mkopo wa guarantor. Wawekezaji wanaozingatia dhamana za dhamana wanapaswa kuchunguza kwa uangalifu masharti ya dhamana, kutathmini sifa ya mkopo wa mtoa dhamana, na kuelewa athari za uwezekano juu ya hatari ya jumla ya uwekezaji na kurudi. Kwa kuongezea, hali za soko na sifa ya mkopo inayotambuliwa ya mtoa dhamana inaweza kuathiri bei na mahitaji ya dhamana zilizoahidiwa.