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Glossary > Z > "Zero-coupon notes" Definition

Zero-coupon notes

A bond which pays no coupon but is issued at a deep discount to face value. The difference between the issue and the redemption prices creates a hefty capital gain which boosts the yield close to market levels.

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Zero-coupon notes - A bond which pays no coupon but is issued at a deep discount to face value. The difference between the issue and the redemption prices creates a hefty capital gain which boosts the yield close to market levels.

Zero-coupon notes : a bond which pays no coupon but is issued at a deep discount to face value. the difference between the issue and the redemption prices creates a hefty capital gain which boosts the yield close to market levels.