1. Generally speaking, if there is the word PR in front of the bond, it means that the issuer of the bond has repaid part of the principal. 2. The PR before the bond indicates that the bond contains prepayment clauses. In the actual financial market, after the bond issuer repays part of the principal, the price of the bond will be lower than the issue price.
1) In actual financial activities, bonds belong to a financial contract and belong to the financial field. Specifically, it refers to the securities raised by the government, enterprises and banks as debtors in accordance with legal procedures in China. It should be noted that creditors need to pay the corresponding principal and interest to bondholders within the specified time. At the same time, bond, as a debt certificate, is a kind of virtual securities, just like other types of oil price securities. Although different types of bonds are different, to a certain extent, bonds retain five elements: bond face value, interest payment period, repayment period, issuer name and coupon rate.
2) Bonds are securities issued by the government, enterprises, banks and other debtors to raise funds and promise creditors to repay the principal and interest on a specified date. Bond bond/debenture is a kind of financial contract, which is a debt certificate issued to investors when the government, financial institutions and industrial and commercial enterprises directly borrow money from the society to raise funds and promise to pay interest at a certain interest rate. Repay the principal according to the agreed terms. The essence of bond is bond certificate, which has legal effect. There is a creditor-debtor relationship between bond buyers or investors and issuers. The issuer of bonds is the debtor, and investors (bond buyers) are creditors. Bond is a valuable security. Because the interest of bonds is usually predetermined, bonds are fixed-rate securities. In countries and regions with developed financial markets, bonds can be listed and circulated.
3) Financial bonds are bonds issued by banks and non-bank financial institutions. In China, financial bonds are mainly issued by policy banks such as China Development Bank and Export-Import Bank. Financial institutions generally have strong financial strength and high credit, so financial bonds often have a good reputation.