zero coupon bond

• Type d'obligation qui ne verse pas d'intérêts périodiques (coupons), mais qui est émise avec une décote par rapport à sa valeur nominale ; l'investisseur reçoit la pleine valeur nominale à l'échéance.

A type of bond that does not pay periodic interest (coupons) but is issued at a discount to its face value, with the investor receiving the full face value at maturity.

1. Discount bondC1formal

   A debt security that does not pay periodic interest (coupons) but is issued at a discount to its face value and pays the full face value at maturity.

   Obligation à coupon zéro

   • Investors buy zero coupon bonds at a deep discount and receive the full principal at maturity.
   • The zero coupon bond matures in 10 years with a yield of 5%.
   • Unlike regular bonds, zero coupon bonds do not provide annual interest payments.