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Definition of a Bond

Definition of a Bond

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Published by souvik.icfai
Bonds
Bonds

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Categories:Types, Brochures
Published by: souvik.icfai on Jan 08, 2010
Copyright:Attribution Non-commercial

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04/16/2013

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Definition of a Bond
s
A
bond
is a security that obligates the issuer to make specifiedinterest and principal payments to the holder on specified dates.
Coupon rate
Face value (or par)
Maturity (or term)
s
Bonds are sometimes called
fixed
 
income securities
.
 
 Types of Bonds
s
Pure Discount or Zero-Coupon Bonds
Pay no coupons prior to maturity.
Pay the bond’s face value at maturity.
s
Coupon Bonds
Pay a stated coupon at periodic intervals prior to maturity.
Pay the bond’s face value at maturity.
s
Perpetual Bonds (Consols)
No maturity date.
Pay a stated coupon at periodic intervals.
 
Bond Issuers
s
Government
s
Financial Institutions
s
Countries
s
Corporations

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