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 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. Coupon equivalent rateCoupon equivalent rateSee: Equivalent bond yield Current couponCurrent couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently offered on new bonds of a similar maturity and credit risk. Full coupon bondFull coupon bondA bond with a coupon equal to the going market rate; the bond is therefore selling at par. Zero 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. Further SuggestionsCoupon rateHigh coupon bond refunding Coupon equivalent yield Coupon Long coupons Current coupon issues ex coupon Weighted average Coupon Coupon bond Pass through coupon rate Low coupon bond refunding Level coupon bond Coupon pass coupon 
