Of or relating to a debt obligation that pays no interest to the holder until it reaches maturity or is sold: volatile zero-coupon bonds pay no interest but are issued of a discount to face value
More example sentences
- Tomson will issue zero-coupon convertible bonds to raise US $50 million, through Deutsche Bank.
- Verizon Communications issued a $3 billion zero-coupon convertible bond.
- One example is the auto and truck industry, where marketing is focused on zero-coupon financing and cash givebacks.