Straight Bond

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Straight Bond

A bond with no special features. A straight bond has a coupon that is paid to bondholders periodically. The issuer repays the principal at maturity. It does not include a conversion feature, a floating coupon, an extendible maturity date or other characteristics.
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The company seeks to make investments in the form of straight bonds, convertible bonds or preferred or common equity.
Kariya, Japan, July 18, 2013 - (JCN Newswire) - DENSO Corporation today announced the issuance of its eighth unsecured straight bonds with inter-bond pari passu clause.
Sony to issue 1st straight bonds for retail investors in June
The bonds typically allow companies to raise debt more cheaply than issuing straight bonds because investors are willing to accept lower coupons for the option to convert.
Global Banking News-January 11, 2013--Standard and Poor's rates straight bonds from Sumitomo Mitsui(C)2013 ENPublishing - http://www.
The prices of the 10-year inverse survivor bonds in each defined tranche and those of the straight bonds were computed at different coupon rates and interest rates; they are presented in Table 6.
Indeed, some of the studies include no straight bonds (Thatcher, 1985) or a limited number of straight bonds (Kish and Livingston, 1992).
Toyota Motor Corporation (Toyota) (NYSE: TMC) (LSE: TYT) (TYO: 7203), a Japan-based automaker, is issuing JPY100bn in straight bonds, according to the Nikkei business daily.
said Tuesday it will float 70 billion yen in 7-year straight bonds with a coupon of 1% per annum.
It will also issue unsecured straight bonds worth up to 300 billion yen as early as this month in a bid to procure money for future operations.
Small- to medium-sized firms are taking the lead in equity financing's comeback, while blue-chip firms with strong credit ratings still favour straight bonds, a cheaper fundraising tool given the nation's ultra-low interest rates.
But despite the difficult year for convertibles in 1994, the interest-rate increases took an even greater toll on straight bonds.