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 MatchesCouponCouponThe 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. Coupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365day year. CouponCouponThe interest payment on a bond, sonamed because bonds originally were pieces of paper with small sections, called coupons, that were cut off and exchanged for the interest payments. Current coupon issuesCurrent coupon issuesRelated: Benchmark issues Coupon rateCoupon rateIn bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. Further SuggestionsFull coupon bondCurrent coupon Level coupon bond Coupon ex coupon Zero coupon convertible security Coupon bond Weighted average Coupon Low coupon bond refunding Coupon pass Coupon equivalent rate Long coupons High coupon bond refunding Pass through coupon rate 
