Zero Coupon Bond definition

Zero Coupon Bond. Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

Zero Coupon Bond means a bond which has a stated interest rate of zero per cent and on which no interest is payable until the maturity or early redemption of the bond, and is offered at a substantial discount from its original stated principal amount.

Zero Coupon Bond. A bond that, at the time of determination, does not make periodic payments of interest.

Examples of Zero Coupon Bond in a sentence

• This Debt Security may be a Fixed Rate Bond, a Floating Rate Bond, a 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.

• 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.

• 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.

• 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.

• OD, Time Loan, Term Loan (Credit line), Call Loan, Zero Coupon Bond Purchase.

More Definitions of Zero Coupon Bond

Zero Coupon Bond means a bond-

Zero Coupon Bond means a Bond on which no interest is payable.

Zero Coupon Bond means a Collateral Debt Security that, pursuant to the terms of its Underlying Instruments, on the date on which it is purchased by the Issuer, does not provide for the payment of interest, or provides that all payments of interest will be deferred until the final maturity thereof.

Zero Coupon Bond means a Bond on which no coupon is payable until maturity. Status of the Bonds 5.4.1 Issue of Bonds from capital centres and in generalThe Issuer issues Bonds from two capital centres. The Final Terms states from which capital centre each specific ISIN is issued. Any new capital centres may be covered by the Base Prospectus by means of addenda supplements. Any claims by the Bondholders with respect to the Bonds may only be made against the capital centre in which the specific ISIN is issued. Bondholders can exercise their rights by contacting the Issuer.The Issuer determines the opening of other ISIN codes in the respective capital centres. The Issuer also determines when to transfer funds to the respective capital centres. The Issuer is entitled at any time, and without notice to and consent from the relevant Bondholders, to separate and transfer to another capital centre Bonds covered by this Base Prospectus, any securities as well as any relevant derivative agreements. The separation presupposes that the rating, if any, of the Bonds in question with a credit rating agency is not lowered in connection with the separation. 5.4.2 SCBs and SMBs

Zero Coupon Bond. A loan or other debt security or instrument that, based on its terms at the time of determination, does not make periodic payments of interest.

Zero Coupon Bond means a Bond in respect of which no interest is payable issued by the Issuer at a discount to its Principal Amount.

Zero Coupon Bond means a bond which has a stated 1243