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Split coupon bond |
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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 MatchesLow coupon bond refundingLow coupon bond refundingRefunding of a low-coupon bond with a new, higher-coupon bond. Coupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Pass through coupon ratePass through coupon rateThe 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. Coupon equivalent rateCoupon equivalent rateSee: Equivalent bond yield Coupon bondCoupon bondA bond featuring coupons that must be presented to the issuer in order to receive interest payments. Further SuggestionsLevel coupon bondFull coupon bond Long coupons Coupon Current coupon Coupon coupon High coupon bond refunding Weighted average Coupon Zero coupon convertible security Current coupon issues ex coupon Coupon rate Coupon pass |
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