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Split coupon bond |
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Split coupon bondA bond that begins as a zero-coupon bond paying no interest and converts to an interest paying bond on a future date.Split coupon bond Similar MatchesWeighted average CouponWeighted average CouponThe weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor. High coupon bond refundingHigh coupon bond refunding../../finance-glossary/ a high-coupon bond with a new, lower-coupon bond. Low coupon bond refundingLow coupon bond refundingRefunding of a low-coupon bond with a new, higher-coupon bond. CouponCouponThe interest payment on a bond, so-named because bonds originally were pieces of paper with small sections, called coupons, that were cut off and exchanged for the interest payments. Long couponsLong coupons(1) Bonds or notes with a long current maturity. (2) A bond on which one of the coupon periods, usually the first, is longer than the other periods or the standard period. Further SuggestionscouponFull coupon bond Coupon pass Pass through coupon rate Zero coupon convertible security Coupon rate Current coupon Coupon equivalent yield Coupon Current coupon issues Level coupon bond Coupon bond Coupon equivalent rate ex coupon |
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