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

Ex coupon

Ex coupon

A bond sold without the right to the next interest payment.


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.


Coupon equivalent rate

Coupon equivalent rate

See: Equivalent bond yield


Current coupon issues

Current coupon issues

Related: Benchmark issues


Further Suggestions

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


 
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