Bond Market - QS Study
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Advantages of Exchange-driven Markets

The purpose of a financial exchange is to facilitate trading in the securities for which it was created, and this it does by establishing a......

What is Islamic Bonds?

Islamic bonds or finance is governed by Islamic rules and principles (Shariah) which, inter alia, prohibit the payment of interest (Riba). Shariah also forbids the......

What is Retail Bonds?

A number of so-called retail bonds exist in a number of countries of the world. As the name suggests, they are bonds, i.e. have a......

Define Global Bonds

Global bonds are bonds that are issued and traded in two or more markets but are denominated in the currency of one of the markets. This......

Define Eurobonds

Eurobonds are bonds that are issued in countries other than the country of the currency in which they are denominated. For example, the Kenyan government......

Define Foreign Bonds

Foreign bonds are bonds issued by foreign entities (usually governments and parastatals) in local currency. They are foreign from the point of view of the......

Define Extendable Bonds

Extendable bonds are bonds where the issuer has the option to extend the term of the bond beyond the (initial) maturity date for another fixed......

Define Split Coupon Bonds

Split coupon bonds are similar to Pay-in-kind or PIK bonds in that no interest is paid in the first few years (except that here the......

What is Pay-in-kind Bonds?

Pay-in-kind (PIK) bonds are bonds where the issuer has the option to pay the interest in the form of additional bonds. In some cases the......

What is Guaranteed Bond?

A guaranteed bond is a bond that is guaranteed by a party other than the issuer. One has to differentiate here between company bonds and......

What is Junk Bonds?

Junk bond is the term for bonds of companies that are not rated (because they cannot get a decent rating) or for bonds that are......

Relationship among Senior, Subordinated, Junior and Mezzanine Bonds

In secularization, certain assets that have a cash flow are pooled and bonds (or short-term commercial paper) are issued to fund these assets. Highly rated......

What is Asset-Backed Bonds?

Asset-backed bonds are not a bond variety but are included here for the sake of comprehensiveness. Any of the bonds already mentioned or to be......

Define Catastrophe Bonds

Catastrophe bonds are bond issues by risk takers such as insurance companies to offset some of their risk. For example, in 1997 Tokyo Marine &......

Define Serial Bonds

A serial bond is a US municipal debt instrument. It is a series of bonds that are issued together, each with a different maturity. An......