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

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.


Coupon equivalent yield

Coupon equivalent yield

True interest cost expressed on the basis of a 365-day year.


Coupon

Coupon

The interest payment on a bond, so-named because bonds originally were pieces of paper with small sections, called coupons, that were cut off and exchanged for the interest payments.


Current coupon issues

Current coupon issues

Related: Benchmark issues


Coupon rate

Coupon rate

In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year.


Further Suggestions

Full coupon bond
Current 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


 
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