增額發行
增額發行
| 中文名詞 | 增額發行 |
|---|---|
| 英文名詞 | Reopen |
| 中文解釋 | 增額發行係就已發行流通在外之公債以相同之發行條件增量發行。增額公債除標售日、發行日及標售價格與原始公債不同外，其票面利率、到期日及還本付息條件均與原始公債相同。實施公債增額發行機制，目的在延長指標公債之壽命，並有效建構債券殖利率曲線。目前配合中央公債之定期適量發行政策，原則於原始發行後3個月發行一期增額中央公債，其發行額以不超過原始發行額為原則，約介於300至500億元之間。增額中央公債投標者須將原始發行日與增額發行日之間應計利息之所得稅反映於投標利率中，領息時不得再要求退還稅款。[4] |
| 英文解釋 | Reopening refers to issuing an additional amount of outstanding government bonds with the same terms as the original issue. The reopened issue of government bonds, apart from the auction date, issue date and bidding price being different from the original issue, has the same coupon rate, maturity date and repayment terms as the original issue. The reopening mechanism seeks to extend the trading duration of benchmark government bonds and to effectively establish the yield curve of government bonds. At present, in line with the policy of regular issuance and moderate amounts, central government bonds are basically reopened 3 months after the original issue in an amount of NT$30 to 50 billion, and no more than the amount of the original issue. Since bidders of reopened bonds should reflect the income tax of interest accrued during the issue dates between the original issue and the reopened issue in their bidding yields, they should not ask to refund the tax when collecting the coupon interest. [4] |