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Super Sinker Bond

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Super sinker bond
Usually a home financing bond, but also any other bond that has long-term coupons but short maturity; the mortgages may be prepaid, and the holders may receive the long-term yield after a short period of time.

Super Sinker Bond
A short-term bond with a coupon equivalent to that of a long-term bond. That is, the bondholder receives a long-term yield in a short period of time. Most super sinker bonds are collateralized by mortgages and are used to reduce prepayment risk.


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6 million and consisted of tax-exempt serial bonds due June 1, 2006-2016 and tax-exempt super sinker bonds with maturities of June 1, 2025, 2035, and 2043.
 
 
 
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