par bond

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 ?
Income taxes are paid if the muni is trading at market discount, which for a par bond occurs when the transaction price is sufficiently below par.
EDV is designed to track the performance of the Lehman Brothers Treasury STRIPS 20-30 Year Equal Par Bond Index which includes zero-coupon U.
The existence of default risk premiums in swap prices is investigated by comparing par bond yields of counterparties in an exchange of bonds with swap bid and asks rates available to them for accomplishing the same objective.
The Vanguard[R] Extended Duration Treasury Index Fund seeks to match the performance of the Lehman Brothers Treasury Strips 20-30 Year Equal Par Bond Index, and has a duration generally ranging from 22 to 27 years.
The Fund seeks investment results that correspond to the price and yield of the Lehman Brothers Treasury STRIPS 20-30 Year Equal Par Bond Index.
Another section covers yield curve topics, including yield curves over the business cycle, spot yield curve derivation and interpretation, par bond yields, forward rates, implied forward rates and expected future rates.
Bondholders whose Brady Bonds are accepted by Mexico in exchange for Global Bonds pursuant to the Invitation will receive in exchange (i) a principal amount of Global Bonds equal to the principal amount of Brady Bonds accepted for exchange, (ii) the Clearing Par Bond Cash Payment or the Clearing Discount Bond Cash Payment, as applicable, and (iii) a payment in cash in the amount of any accrued but unpaid interest on the Brady Bonds accepted for exchange to but not including the Settlement Date, all as more fully described in a prospectus supplement, dated as of March 15, 2001 (the "Prospectus Supplement").
The reference price prior to May 20, 1994 shall be average bid prices for DFAs or the Par Bond, if it has been issued.
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.
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.