|
|
Split coupon bond |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesCoupon rateCoupon rateIn bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. Full coupon bondFull coupon bondA bond with a coupon equal to the going market rate; the bond is therefore selling at par. Coupon passCoupon passCanvassing 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. Coupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. CouponCouponThe periodic interest payment made to the bondholders during the life of the bond. Further SuggestionsLong couponsCoupon bond Current coupon issues Pass through coupon rate Weighted average Coupon ex coupon Coupon Current coupon coupon High coupon bond refunding Coupon equivalent rate Zero coupon convertible security Low coupon bond refunding Level coupon bond |
|
|
|