Maturity:
Short Term - 1-5 years
Intermediate term - 5-12 years
Long term - over 12 years
Par Value
Dollar amount the holder will receive at the bond's maturity, usually $100 or $1,000
Coupon Rate
the interest rate the bond will pay the holders each year, paid in 2 semi-annual installments in the US, outside US mostly paid annually
Currency Denomination
The currency that the interest and principle will be paid in.
Yield
Refer to the actual return of the bond, on BEY basis
Price
Usually quoted as % of par value
Accrued interest
Interest earned since the last coupon payment date. It will be paid by the buyer to the seller along with the clean price of the bond.
Full price(dirty) = Clean price + Accrued interest
Sunday, December 21
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment