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

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.


Coupon bond

Coupon bond

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


Low coupon bond refunding

Low coupon bond refunding

Refunding of a low-coupon bond with a new, higher-coupon bond.


Weighted average Coupon

Weighted average Coupon

The 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.


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.


Further Suggestions

Level coupon bond
Coupon
Coupon equivalent yield
Coupon equivalent rate
Current coupon
Long coupons
Current coupon issues
High coupon bond refunding
Coupon rate
Full coupon bond
Coupon pass
Pass through coupon rate
Coupon
ex coupon


 
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