هناك العديد من المزايا المتعلقة بال

هناك العديد من المزايا المتعلقة بالاستثمار فى السندات سواء للمستثمر الفرد، أو للاقتصاد القومى، أو للشركة المصدرة لها. حيث تعتبر السندات أحد مصادر التمويل الملائمة للحكومة، كما أنها تعد من مصادر التمويل منخفضة التكلفة بالنسبة للشركات، وتعطى للشركة المصدرة ميزة ضريبية حيث يخصم عائد السندات من الوعاء الضريبى للشركة، وأيضاً لا تؤدى السندات لفقدان المساهمين الحاليين السيطرة على إدارة الشركة، لأن حملة السندات ليس لهم حق التصويت فى الجمعية العمومية.

ومن حيث المزايا للمستثمر، نجد أن السندات أداة مالية معفاة من الضرائب، كما أن لأصحاب السندات الأولوية على حملة الأسهم عند اقتسام أصول الشركة فى حالة التصفية.

كذلك لحامل السند حق طلب إشهار إفلاس الشركة المصدرة عند عدم التزامها بالوفاء بمتطلبات خدمة السند. كذلك هناك ضمانات للمستثمرين يتم منحها بواسطة جهات ضامنة أخرى غير الشركة، مثل البنوك والمؤسسات المالية.

ولكن فى المقابل هناك مخاطر تواجه حملة السندات، ولعل الخطر الرئيسى يتمثل فى عدم قدرة الشركة المصدرة للسند على دفع العوائد بانتظام، أو رد المبلغ الأصلى عند الاستحقاق.

ولكى يمكن تحديد إجمالى مستوى المخاطر المتعلقة بإصدار ما من إصدارات السندات، على المستثمر متابعة ومعرفة درجة التصنيف الائتمانى للسند المطلوب شراؤه. ولهذا السبب ألزمت الهيئة العامة للرقابة المالية كل من يصدر سنداً بضرورة الحصول على حد أدنى من التصنيف الائتمانى من إحدى وكالات التصنيف الائتمانى المعتمدة.

النتائج (الإنجليزية) 1:

There are many benefits to investing in bonds, both for the individual investor, or for the national economy, or to the issuing company. The bonds are one of the sources of funding for the Government, they also prepare low-cost sources of financing for companies, and give the company the advantage of tax where deducted the tax deductibility of bond yields for the company, and also does not bond to lose existing shareholders control over the company, management of the bond holders have no right to vote in the General Assembly. In terms of advantages for investors, the bond tax-exempt financial instrument, and the bond holders take priority over shareholders when sharing the company's assets in liquidation. The holder the right to request the issuing company bankruptcy when its commitment to meet the service requirements of the bond. There are also safeguards for investors is given by guarantors other than the company, such as banks and financial institutions. But in return there are risks facing the bondholders, perhaps the main risk is the inability of the issuer to Sindh to pay dividends regularly, or the principal amount at maturity. In order to determine the total risk level for the issuance of the bond, the investor continue and see a credit rating of a bond to be purchased. For this reason, committed the financial supervisory authority of the issuing authority for a minimum credit rating from a credit rating agency approved.

النتائج (الإنجليزية) 2:

There are many advantages associated with the investment in bonds, both for the individual investor, or the national economy, or exporting company. Where bonds are considered one of the sources of appropriate funding for the government, as it is one of the low-cost sources of financing for companies, and given to the issuing company tax advantage where deducted bond yields from the tax base of the company, and also do not lead bonds to the loss of existing shareholders control over the company's management, because the bondholders not right to vote in the General Assembly. In terms of advantages for the investor, we find that the bonds are exempt from tax financial instrument, and to the owners of the bonds have priority over shareholders at sharing the company's assets in case of liquidation. as well as the bondholder the right to request bankruptcy of the issuing company at the lack of commitment to fulfill Sindh service requirements. There are also guarantees for investors are granted by another guarantor views is the company, such as banks and financial institutions. But in return, there are risks facing the bondholders, and perhaps the main danger is the lack of the issuing company's ability to support the payment of returns regularly, or refund the original at maturity. In order to can determine the total risk related to the issuance of the bond issues level, the investor follow up and find out the degree of credit rating you want to buy a bond. For this reason, the General Authority for Financial Supervision has committed all of the need to issue a bond to obtain a minimum credit rating from one of the credit rating agencies approved.

النتائج (الإنجليزية) 3:

There are many advantages on investment in bonds, both for the individual investor, or the national economy, the issuing company.Where the bond is one of the government's appropriate funding sources, and it is a source of low-cost financing for companies, the issuing company deducts the dividend tax advantage the bonds of the company's tax base, and notThe loss of current controlling shareholders of the company's management, because bondholders do not vote at the AGM.

and the investor benefits, we find that financial instrument for tax exempt bonds, shareholders and bond holders priority when the sharing of the assets of the company in the case of liquidation.

Also the holder of a bond is requested a declaration of bankruptcy of the issuing company's right not to meet the requirements of service guarantee. There is also a guarantee for investors is given by those other than a corporation, such as banks and financial institutions.

But on the other hand, there are risks facing the bondholders, the main risk lies in the inability of the issuing company bond for the regular payment of dividends, or the response of the original amount at maturity.

In order to determine the overall risk level for the issuance of bond issues, for the investor to follow the classification and to determine the degree of Alaytmany bond required to buy it.For this reason under the financial oversight of public issue bond to obtain a minimum of Alaytmany rating from a rating agencies Alaytmany adopted.