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 bond

Coupon bond

A bond featuring coupons that must be presented to the issuer in order to receive interest payments.


Level coupon bond

Level coupon bond

Bond with a stream of coupon payments that remain the same throughout the life of the bond.


Coupon equivalent rate

Coupon equivalent rate

See: Equivalent bond yield


Coupon

Coupon

The annual rate of interest paid by the issuer of a bond until maturity. So, for instance, a Glaxo 5-year bond paying 7% interest per year is said to have a coupon of 7%. The phrase dates from the time when the bonds actually had a tear-off coupon which guaranteed your right to be paid by the issuer.


Current coupon issues

Current coupon issues

Related: Benchmark issues


Further Suggestions

Coupon
High coupon bond refunding
Pass through coupon rate
Low coupon bond refunding
Coupon rate
Weighted average Coupon
Long coupons
Coupon
Zero coupon convertible security
ex coupon
Full coupon bond
Current coupon
Coupon equivalent yield
Coupon pass


 
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