straight bond

Typically, a convertible bond at issue yields 1% to 3% less than straight bonds.

Both have higher yields than common stock but stand to benefit much more than straight bonds from improved business.

After passing 21 straight bond issues, residents in this graying suburb of 34,000 people voted one down last fall for the first time ever.

Bondholders are ready to pay for such protection by accepting a lower yield relative to that of a straight bond.

Five-year straight bonds in Japan were first allowed in November last year.

Similarly, replicated structure using straight bonds and options would be considered as a package structure.

The volumes involved are large; turnover of straight bonds in recent years, for example, has typically amounted to $500 bn per quarter.

A convertible bond can be valued as a combination of a straight bond and an option to purchase the company's stock.

Yield on an exchangeable bond is lower than the yield on a straight bond.

The trade-off is that convertible bonds typically pay less interest than similiar straight bonds because of their downside protection.

Straight bonds are normal bonds, unlike warrant or convertible bonds or others that carry specific conditions.

Price of an exchangeable bond is always higher than the price of a straight bond because the option to exchange adds value to an investor.

Packaged convertibles or sometimes "Bond + Option" structures are simply a straight bonds and a call option/warrant wrapped together.

Only 10 percent of that amount was sold as a straight bond issue, with the rest offered as convertible bonds, floating-rate notes and other so-called derivative products.

For straight bonds, they may try to offer the most attractive swaps, low spreads over domestic bonds, low commissions (including underwriting fees) and primary and secondary market support.

Here, the bond is priced as a "straight bond" (i.e. as if it had no embedded features) and the option is valued using the Black Scholes formula.

These enable such entrants to charge a lower price than incumbents, cross-subsidising competitive deals (e.g. in straight bonds) from markets (such as equity warrants) where they have market power.

A straight bond is a security that promises to pay a fixed interest or coupon payment every half-year, together with the return of principal or par value of the bond at maturity.

Although the final screenplay and film was made into a comedy spoof, Hecht's version was written as a straight Bond adventure, states spy novelist Jeremy Duns, who recently discovered the original lost scripts.

Mitsubishi Corp. plans to issue some 200 billion yen (1.92 billion dollars) next year in five-year straight bonds, the largest single bond issue of this kind ever to hit the Japanese domestic market, a company official said Tuesday.

The option value is then added to the straight bond price if the optionality rests with the buyer of the bond; it is subtracted if the seller of the bond (i.e. the issuer) may choose to exercise.

Ltd., Tokyo, is issuing $1 billion in unsecured Eurobonds due in 1994 with warrants, while its financial subsidiary, Panasonic Finance (Netherlands) B.V., simultaneously issues $300 million in straight bonds with a five-year maturity.

Exchangeable bond (or XB) is a type of hybrid security consisting of a straight bond and an embedded option to exchange the bond for the stock of a company other than the issuer (usually a subsidiary or company in which the issuer owns a stake) at some future date and under prescribed conditions.