[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.15zzb.cz\/jak-vydat-korporatni-dluhopisy\/#Article","mainEntityOfPage":"https:\/\/www.15zzb.cz\/jak-vydat-korporatni-dluhopisy\/","headline":"Jak vydat korpor\u00e1tn\u00ed dluhopisy","name":"Jak vydat korpor\u00e1tn\u00ed dluhopisy","description":"P\u0159ipravili jsme pro v\u00e1s p\u0159ehled v\u00fdhod, kter\u00e9 v sob\u011b ukr\u00fdvaj\u00ed korpor\u00e1tn\u00ed dluhopisy, i jednotliv\u00fdch krok\u016f, je\u017e vedou k procesu jejich emise. V\u00fdhody korpor\u00e1tn\u00edch dluhopis\u016f Nejv\u011bt\u0161\u00ed v\u00fdhoda korpor\u00e1tn\u00edch dluhopis\u016f spo\u010d\u00edv\u00e1 v zisku vy\u0161\u0161\u00edch v\u00fdnos\u016f, ne\u017e kter\u00fdmi disponuj\u00ed st\u00e1tn\u00ed dluhopisy. V\u011bt\u0161ina soukrom\u00fdch investor\u016f, zejm\u00e9na lid\u00ed v d\u016fchodov\u00e9m v\u011bku, nakupuje dluhopisy za \u00fa\u010delem z\u00edsk\u00e1n\u00ed st\u00e1l\u00e9ho toku p\u0159\u00edjm\u016f. Pot\u00e9, […]","datePublished":"2023-09-22","dateModified":"2023-09-19","author":{"@type":"Person","@id":"https:\/\/www.15zzb.cz\/author\/#Person","name":"","url":"https:\/\/www.15zzb.cz\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/f7320ca526354d2794ceb75173050bfa147af8617816df401a16569341b5fbaf?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f7320ca526354d2794ceb75173050bfa147af8617816df401a16569341b5fbaf?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"15zzb.cz","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.15zzb.cz\/wp-content\/uploads\/dluhopisy_dmGhao.jpg","url":"https:\/\/www.15zzb.cz\/wp-content\/uploads\/dluhopisy_dmGhao.jpg","height":0,"width":0},"url":"https:\/\/www.15zzb.cz\/jak-vydat-korporatni-dluhopisy\/","about":["Ekonomika"],"wordCount":578,"articleBody":"      P\u0159ipravili jsme pro v\u00e1s p\u0159ehled v\u00fdhod, kter\u00e9 v sob\u011b ukr\u00fdvaj\u00ed korpor\u00e1tn\u00ed dluhopisy, i jednotliv\u00fdch krok\u016f, je\u017e vedou k procesu jejich emise.  V\u00fdhody korpor\u00e1tn\u00edch dluhopis\u016f Nejv\u011bt\u0161\u00ed v\u00fdhoda korpor\u00e1tn\u00edch dluhopis\u016f spo\u010d\u00edv\u00e1 v zisku vy\u0161\u0161\u00edch v\u00fdnos\u016f, ne\u017e kter\u00fdmi disponuj\u00ed st\u00e1tn\u00ed dluhopisy. V\u011bt\u0161ina soukrom\u00fdch investor\u016f, zejm\u00e9na lid\u00ed v d\u016fchodov\u00e9m v\u011bku, nakupuje dluhopisy za \u00fa\u010delem z\u00edsk\u00e1n\u00ed st\u00e1l\u00e9ho toku p\u0159\u00edjm\u016f. Pot\u00e9, co dan\u00e9 dluhopisy dos\u00e1hnout data splatnosti, p\u0159evede je soukrom\u00fd investor na hotovost v podob\u011b tzv. emitovan\u00fdch dluhopis\u016f. Ostatn\u00ed investo\u0159i obchoduj\u00ed s dluhopisy na sekund\u00e1rn\u00edm trhu, kde kupuj\u00ed, pop\u0159\u00edpad\u011b prod\u00e1vaj\u00ed st\u00e1vaj\u00edc\u00ed emise dluhopis\u016f s diskontem \u010di pr\u00e9mi\u00ed jejich nomin\u00e1ln\u00ed hodnoty.  Dal\u0161\u00ed nespornou v\u00fdhodou je likvidita korpor\u00e1tn\u00edch dluhopis\u016f. Aktivn\u00ed obchodn\u00edci mohou t\u011b\u017eit z prodeje dluhopis\u016f, u kter\u00fdch cena vzrostla, nebo naopak z jejich koup\u011b, kdy\u017e cena klesne. Investo\u0159i, kte\u0159\u00ed zva\u017euj\u00ed prodej korpor\u00e1tn\u00edch dluhopis\u016f by si m\u011bli b\u00fdt v\u011bdomi, \u017ee na jejich transakci m\u016f\u017ee m\u00edt vliv \u0159ada prom\u011bnn\u00fdch \u2013 aktu\u00e1ln\u00ed \u00farokov\u00e9 sazby, \u00fav\u011brov\u00fd rating \u010di v\u00fd\u0161e jejich kari\u00e9rn\u00edho postaven\u00ed. D\u00e1le alespo\u0148 okrajov\u011b zmi\u0148me \u0161irok\u00fd v\u00fdb\u011br korpor\u00e1tn\u00edch dluhopis\u016f. Investo\u0159i mohou nakupovat jak kr\u00e1tkodob\u00e9 dluhopisy se splatnost\u00ed do p\u011bti let, tak st\u0159edn\u011bdob\u00e9 se splatnost\u00ed do p\u011bti a\u017e dvan\u00e1cti let a rovn\u011b\u017e dluhopisy dlouhodob\u00e9 se splatnost\u00ed del\u0161\u00ed ne\u017e 12 let.  Proces emise dluhopis\u016f Konzultace s bankou  Nejprve si dan\u00e1 spole\u010dnost promluv\u00ed s konkr\u00e9tn\u00ed bankou a p\u0159edstav\u00ed j\u00ed svou p\u0159edstavu ohledn\u011b financov\u00e1n\u00ed. Banka n\u00e1sledn\u011b analyzuje finan\u010dn\u00ed situaci spole\u010dnosti a ur\u010d\u00ed, zda je emise dluhopis\u016f vhodn\u00e1 a zda spole\u010dnost spl\u0148uje z\u00e1kladn\u00ed po\u017eadavky trhu.  Ratingov\u00e1 anal\u00fdza a p\u0159\u00edprava dokumentace  Pro vyd\u00e1n\u00ed dluhopisu je vhodn\u00e9, aby spole\u010dnost obdr\u017eela tzv. rating od ratingov\u00e9 agentury. V cel\u00e9m procesu ratingov\u00e9 anal\u00fdze je spole\u010dnost pod z\u00e1\u0161titou banky. Pot\u0159ebn\u00e1 pr\u00e1vn\u00ed dokumentace se p\u0159ipravuje paraleln\u011b, aby byla hotov\u00e1 b\u011bhem ratingov\u00e9 anal\u00fdzy. Samotn\u00e1 dokumentace zahrnuje smlouvy, kter\u00e9 stanov\u00ed podm\u00ednky pro emitenta i p\u0159\u00edslu\u0161nou bankovn\u00ed spole\u010dnost. Jedn\u00e1 se o zdlouhav\u00fd a \u00fanavn\u00fd proces, jen\u017e v\u00e1m mohou usnadnit slu\u017eby extern\u00edch pr\u00e1vn\u00edk\u016f  \u201eRoadshow\u201c pro investory  Prezentace cel\u00e9 operace investor\u016fm je kl\u00ed\u010dov\u00fdm bodem pro z\u00edsk\u00e1n\u00ed nov\u00fdch emitent\u016f. Jedn\u00e1 se o setk\u00e1n\u00ed s investory v nejv\u011bt\u0161\u00edch finan\u010dn\u00edch centrech po cel\u00e9 Evrop\u011b, kde uvedete p\u0159ipravenou prezentaci a zodpov\u00edte p\u0159\u00edpadn\u00e9 dotazy. \u00da\u010del cel\u00e9 \u201eroadshow\u201c je prost\u00fd \u2013 zapojit investory a zjistit cenov\u00e9 rozp\u011bt\u00ed a stav trhu.  Uveden\u00ed dluhopisu na trh  Jakmile bude rozhodnuto, \u017ee dluhopis bude vyd\u00e1n, banka i spole\u010dnost za\u010dnou hledat nejvhodn\u011bj\u0161\u00ed tr\u017en\u00ed p\u0159\u00edle\u017eitosti a stanov\u00ed p\u0159edb\u011b\u017en\u00e9 datum uveden\u00ed dluhopisu na trh. Pokud na trhu nenastanou \u017e\u00e1dn\u00e9 v\u00fdznamn\u00e9 zm\u011bny, kter\u00e9 by mohly celou operaci zvr\u00e1tit, porad\u00ed banka emitentovi s kone\u010dnou cenou i obchodn\u00ed strategi\u00ed. Zaj\u00edm\u00e1 v\u00e1s cel\u00fd proces emise dluhopis\u016f? R\u00e1di v\u00e1m s n\u00edm pom\u016f\u017eeme. Kontaktujte n\u00e1s na str\u00e1nk\u00e1ch \u2013 parkerhill.cz. Dlouhodob\u011b se specializujeme pr\u00e1v\u011b na tuto oblast z\u00edsk\u00e1v\u00e1n\u00ed kapit\u00e1lu skrze dluhopisy.                                                                                                                                                                                                                                                                                                                                                                                          4.4\/5 - (14 votes)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Jak vydat korpor\u00e1tn\u00ed dluhopisy","item":"https:\/\/www.15zzb.cz\/jak-vydat-korporatni-dluhopisy\/#breadcrumbitem"}]}]