par bond

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Par bond

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Par Bond

A bond with a sale price equal to its face value. Normally, this is $1000.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

par bond

A bond that sells at a price equal to its par value, usually $1,000.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Of the $6.58-million Philippine Par Bonds redenominated into 28.5 years, the outstanding amount was P97.1 million.
Argentina used this mechanism to allocate Par Bonds between holdings above/below US $50,000 in its 2005 debt exchange.
Other types of issued debt were Philippine Par Bonds (P97 million), 25-year Central Bank-Board of Liquidators bonds (P50 billion), US dollar-denominated retail bonds (P5.92 billion), Euro-denominated retail (P267.35 million) and onshore dollar bonds (P22.05 billion).
You may be wondering, given that premium bonds don't cost any more than par bonds, whether there is any benefit to these bonds over par, or "regular." After all, in my gasoline example, I did concede there were some advantages to premium over regular gasoline, and when given the chance to buy premium at no greater cost than regular, I did so in a heartbeat.
On Argentina's local over-the-counter market, benchmark Discount bonds rose 1.60 percent to 88.65 while Par bonds were up 1.32 percent to 49.90.
However, sinking fund redemptions can work to the bondholder's disadvantage by enabling the corporation to retire at par bonds whose market price is in excess of par.
Rather than continuing to pile new debts onto bad debts, the EU stabilization fund could be used to collateralize such new par bonds. Creditors could be offered these par bonds, or a shorter-term bond with a higher coupon - but with debt principal marked down.
Rather than piling new debts onto bad debts, the EU stabilization fund could be used to collateralize such new par bonds. Creditors could be offered these par bonds, or a shorter-term bond with a higher coupon -- but with debt principal marked down.
The agreement in principle (4) reached between Argentina and the Working Committee contemplated the exchange of the external-debt principal for either discount or par bonds, as follows:
$2.0 billion of par bonds, there is no limit on the issuance of discount
Par Bonds. Regardless of how the par value is distributed, at the ex coupon date a bond will sell for the remaining par value if and only if the contract rate equals the yield to maturity.