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 ?
582-million Philippine Par Bond redenominated into 28.
However, it doesn't cost more to buy a premium bond than a par bond.
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.
35 per $1,000 par bond, the yield to call would be 6.
Not surprisingly, discussions of the terms of the discount bond (a bond issued at less than the principal amount of the debt exchanged) focused on the appropriate percentage of the principal discount and the interest spread; and discussions of the par bond (a bond issued at the same principal amount as the debt exchanged) focused on the applicable initial interest rate and the later step-up of the interest rate.
Retail investors will receive a par bond to compensate them for the
For a par bond, this produces a basis that remains constant during the holding period.
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.
As a result, the dollar value of a $1,000 par bond after six months will be $1,010 ($1,000 times the index ratio of 1.
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.
Par bond ($15 billion)--existing bonds would be exchanged for new U.
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").