Split coupon bond


 

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Split coupon bond

A 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 Matches

Coupon equivalent yield

Coupon equivalent yield

True interest cost expressed on the basis of a 365-day year.


Pass through coupon rate

Pass through coupon rate

The interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees.


Zero coupon convertible security

Zero coupon convertible security

A zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity.


Current coupon

Current coupon

A bond selling at or close to par, that is, a bond with a coupon close to the yields currently offered on new bonds of a similar maturity and credit risk.


Coupon pass

Coupon pass

Canvassing by the desk of primary dealers to determine the inventory and maturities of their Treasury securities. The desk then decides whether to buy or sell certain issues (coupons) in order to add or withdraw reserves.


Further Suggestions

Long coupons
Weighted average Coupon
Full coupon bond
coupon
Low coupon bond refunding
Current coupon issues
Coupon
Coupon bond
High coupon bond refunding
Coupon
ex coupon
Coupon rate
Level coupon bond
Coupon equivalent rate


 
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