Par Bond
Financial & Investment Dictionary:
Par Bond
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Par bonds (PARs) can be exchanged dollar for dollar for existing debt. Typically, these bonds have fixed coupons and a long-term maturity (20-40 years) and are repaid in full on the final maturity.
Par Bond: A bond selling at par.
Par Value: The principal amount, or value at maturity, of a debt obligation. It also known as denomination or face value.
Par bond
A bond trading at its face value.
Par value
Also called the maturity value or face value; the amount that an issuer agrees to pay at the maturity date.
par bond A bond selling at its face value. par value The face value of a bond. Generally $1,000 for corporate issues, with higher... Parabolic SAR Parabolic SAR was developed by Welles Wilder. It is a time/price trend following...
For example, if a $1,000 par bond is trading at $1,100, it is convertible into 50 shares, and the shares are trading at $21, the converted value is 50 X 20.50 = $1,025, and the conversion premium is $75.
Corporate taxable equivalent Rate of return required on a par bond to produce the same after-tax yield to maturity that the quoted premium or discount bond would generate.
Rate of return required on a par bond to produce the same after-tax yield to
maturity that the premium or discount bond quoted would.
External finance
finance that is not generated by the firm: new borrowing or a stock issue.
For a par bond, nominal yield, current yield, and yield to maturity are equal. For a discount bond, nominal yield is less than current yield, which is less than yield to maturity.
Equal to the nominal or face value of a security. A bond selling at par is worth an amount equivalent to its original issue value or its value upon redemption at maturity-typically $1000/bond. See: Discount, premium.
Par bond ...
by the US Treasury zero-coupon bonds that are bought by the debtor country. They are named after the US Treasury Secretary Nicholas Brady, who was involved in the debt-reduction program. There are various types of brady bonds like par bonds or ...
 See also: Break-even, Internal rate of return, Banks, Discount Bond, Prepayment
  
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