Split coupon bond 


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Split coupon bondA bond that begins as a zerocoupon bond paying no interest and converts to an interest paying bond on a future date.Split coupon bond Similar MatchesZero coupon convertible securityZero coupon convertible securityA zerocoupon 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 zerocoupon bonds, which are convertible into an interest bearing bond at a certain time before maturity. Coupon bondCoupon bondA bond featuring coupons that must be presented to the issuer in order to receive interest payments. Low coupon bond refundingLow coupon bond refundingRefunding of a lowcoupon bond with a new, highercoupon bond. Weighted 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. CouponCouponThe annual rate of interest paid by the issuer of a bond until maturity. So, for instance, a Glaxo 5year 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 tearoff coupon which guaranteed your right to be paid by the issuer. Further SuggestionsLevel coupon bondCoupon 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 
