par bond

(redirected from Par Bonds)

Par bond

Par Bond

A bond with a sale price equal to its face value. Normally, this is $1000.

par bond

A bond that sells at a price equal to its par value, usually $1,000.
References in periodicals archive ?
Rather than continuing to pile new debts onto bad debts, the EU stabilization fund could be used to collateralize such new par bonds.
Rather than piling new debts onto bad debts, the EU stabilization fund could be used to collateralize such new par bonds.
4 billion of outstanding Par Bonds and more than $700 million due under Promissory Notes that dated back to the mid-1980s.
Their methodology involves comparing swap pricing rates to yields on equal maturity par bonds and noting any differences as being default risk premiums.
The notes are floating rate and structured as long-term par bonds with a coupon that adjusts and pays quarterly based on a percentage of three-month LIBOR plus a fixed spread to be set on the pricing date.
dollar-denominated par bonds due 2038, Euro-denominated par bonds due 2038, 8.
Par Bonds -- Individual investors purchase City of Chicago Direct Access Bonds at par.
Par bonds in foreign currency issued under foreign law 'CCC+';
Krieckhaus focuses on the relationship between Discount and Par bonds, concluding that Discount bonds are extremely attractive at current levels.
The obligations were issued in 1990, together with discount and par bonds as part of the Brady restructuring.
Community Affairs' could only offer par bonds, so we were unable to
Additionally, as the collateral backing Argentina's Brady par bonds was completely depleted to cover coupons in May and November of 2002, and the government has no intention of replenishing the collateral or servicing this instrument due to its moratorium on external debt service, Fitch has downgraded the issue rating to 'DD' from 'CC'.