Coupon Bond definition
Examples of Coupon Bond in a sentence
The Zero-Coupon Bonds (being those Bonds that are issued at a discount to their face value) will be issued at an issue price such that the yield to maturity is reflected in the difference between the discounted issue price and the final redemption amount of such Zero Coupon Bond as specified in the applicable Pricing Supplement and/or Series Trust Deed.
There is no backup plan in place if the PSC person is unavailable.
This Debt Security may be a Fixed Rate Bond, a Floating Rate Bond, a Fixed Reset Bond, Zero Coupon Bond, an Inflation Linked Bond, an Inflation Linked Non-Amortising Bonds, Bills or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms and may be an Instalment Bond.
Accretion of discount and amortisation of premium relating to debt securities like Zero Coupon Bond and Money Market Investment are recognised over the holding / maturity period on a straight-line basis.
The Zero Coupon Bond shall secure payment of the Company's obligations hereunder and, in the event of the Company's default and failure to pay obligations due Holders when due hereunder, the Trustee shall, subject to the provisions of Article 6 hereof, collect the proceeds thereof and distribute the same, first, to the Holders (pro rata, if necessary, in accordance with the Company's obligations), and second, the remainder, if any, to the Company.