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 pass

Coupon pass

Canvassing by the desk of primary dealers to determine the inventory and maturities of their Treasury securities. The desk then decides whether to buy or sell certain issues (coupons) in order to add or withdraw reserves.


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


Coupon bond

Coupon bond

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


Further Suggestions

Low coupon bond refunding
ex coupon
Level coupon bond
High coupon bond refunding
Coupon
Long coupons
Coupon
Full coupon bond
Weighted average Coupon
Coupon rate
Current coupon
Coupon equivalent rate
Pass through coupon rate
Coupon equivalent yield


 
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