Apr 16, 2008 19:11
16 yrs ago
German term
Excellence combined with speed
Native in: English
Works in: German to English, French to English, Dutch to English
Kombizinsanleihe
German to English
Bus/Financial
Investment / Securities
Bonds
I believe this is a type of step-up bond, in which the bond holder receives no interest in the first few years and high interest in the next few years. I can't seem to find an English term for this, though..
Proposed translations
(English)
| 4 | split-coupon bond |
Ralf Lemster
|
Proposed translations
18 mins
Ralf Lemster
Germany
Germany
Native in German
Specializes in field
Germany
The language of financial markets
Native in: German
Works in: English to German, German, German to English, and 1 more.
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475
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split-coupon bond
For a split-coupon bond, the interest rate does not remain constant over the entire term. However, the amount of interest earned is fixed in advance and does not depend on developments on the capital markets. The interest rate changes according to a schedule agreed at the time of issue. The agreement generally provides for several interest-free years with an above-average coupon for the remaining years.
4 KudoZ points awarded for this answer.
Comment: "Many thanks"
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