Aktuální vývoj na trzích
Informace a komentáře k dění na finančních trzích.

Vývoj na finančních trzích
- aktuální a odborná analýza. Využijte naše znalosti a získejte informační výhodu.
Názory a komentáře
k dění na finančních trzích a informace o investičních produktech
Vývoj na finančních trzích
- aktuální a odborná analýza. Využijte naše znalosti a získejte informační výhodu.
Globat notes with a nominal value and a fixed interest yield
Senior bonds are global notes with a nominal value and determined interest yield (coupon). They are intended for clients who want to get the determined interest yield for a predetermined period. The payout of the interest yield and nominal value is guaranteed by their issuer.
The purchase of a bond will enable you to save money for a specific period, and if you keep the bonds to their maturity date, also for a predetermined yield. The payout of the bond interest yield and nominal value is guaranteed by their issuer.
The interest yield is paid out usually once (or twice) a year on a predetermined date. The bond nominal value is paid out together with the final coupon on the maturity date.
The price for which bonds are purchased is important for the real investment yield. At the time when the current yields on the bond market are lower than the bond interest yield, bonds are sold for a price higher than their nominal value and vice versa. Therefore, the real yield to maturity calculated on the basis of the current selling price and yields paid out in future could be lower or higher than the bond interest yield.
Income from the holding and selling of foreign bonds and structured notes (ISIN does not start with CZ...) is not subject to final withholding tax, but is subject to individual taxation, and if not exempt from tax, the taxpayer is obliged to declare this income in the relevant section of a tax return.
… increasing interest rates?
An increase in interest rates on the market results in a fall in prices of already issued bonds with a fixed coupon. If current interest rates are higher than those at the time that the bond was issued, under otherwise identical terms and conditions the bond is sold for a price lower than its nominal value
… stable interest rates?
Under otherwise identical terms and conditions, stable interest rates do not affect the bond price.
… falling interest rates?
A fall in interest rates on the market results in an increase in prices of already issued bonds with a fixed coupon. If current interest rates are lower than those at the time that the bond was issued, under otherwise identical terms and conditions the bond is sold for a price higher than its nominal value.
Bonds are offered in the form of a global note - Česká spořitelna purchases and sells bonds by transfer of notes in the register of shareholders. The transfer will be settled within 2 business days after ordering a trade. If the investor pays the price of the purchased bond, a share in a global note is credited to the investor’s asset account within 2 business days after ordering the purchase.
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