zero coupon bond

• Título de renda fixa que não paga juros periódicos (cupons); é emitido com desconto sobre o valor nominal e o investidor recebe o valor nominal integral no vencimento. O rendimento corresponde à diferença entre o preço de compra e o valor de resgate.

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.

   Obrigação de cupão zero

   • 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.