Home > Term: straight bond
straight bond
Bond or note issues without special characteristics (special termination rights, conversion rights, etc) but which do have the following facets: fixed term to maturity, fixed interest rate, regular interest payments on dates specified in advance, unconditional repayment of the bond amount at maturity.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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