银行二级资本债浅析:特征、趋势与投资性价比

Analysis of Banks’ Tier 2 Capital Notes:Characteristics,Trend and Investment Value

银行二级资本债是银行补充二级资本的重要工具。近年来,有关监管制度不断完善,商业银行对资本管理的认识亦不断深入。在此背景下,更为市场化的银行二级资本债发行和交易,有助于将有关风险真正转移出银行体系。文章试图探讨银行二级资本债的特征和发展趋势,并对其投资性价比做析简要分。

The banks’ Tier 2 Capital Note is an important tool for banks to supplement secondary capital.In recent years,the regulatory system has been constantly improved,and commercial banks’ understanding of capital management has been deepening.In this context,more market-oriented issuance and trading of the banks’ Tier 2 Capital Notes will help transfer the relevant risks out of the banking system.This paper attempts to explore the characteristics and development trend of Tier 2 Capital Notes,and makes a brief analysis on its investment cost-performance.