Zero Coupon Bond. Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.
Zero Coupon Bond means a bond which has a stated interest rate of zero per cent and on which no interest is payable until the maturity or early redemption of the bond, and is offered at a substantial discount from its original stated principal amount.
Zero Coupon Bond. A bond that, at the time of determination, does not make periodic payments of interest.
Examples of Zero Coupon Bond in a sentence
The Zero-Coupon Bonds (being those Bonds that are issued at a discount to their face value) will be issued at an issue price such that the yield to maturity is reflected in the difference between the discounted issue price and the final redemption amount of such Zero Coupon Bond as specified in the applicable Pricing Supplement and/or Series Trust Deed.
Zero Coupon Bond: A bond with no coupon that is sold at a deep discount from par value.
More Definitions of Zero Coupon Bond
Zero Coupon Bond means a bond-
Zero Coupon Bond means a bond-• issued by any infrastructure capital company or infrastructure capital fund or public sector company [or scheduled bank] on or after 1 June 2005;• in respect of which no payment and benefit is received or receivable before maturity or redemption from infrastructure capital company or infrastructure capital fund or public sector company [or scheduled bank]; and• which the Central Government may, by notification in the Official Gazette, specify in this behalf. Note 6: Amendments in the withholding tax provisions effective 1 April 2010 Section 139A(5A) requires every person from whose income tax has been deducted under the provisions of chapter XVIIB of the IT Act, to furnish his PAN to the person responsible for deduction of tax at source. As per provisions of section 206AA of the IT Act, the payer would be obliged to withhold tax at penal rates of TDS in case of payments to investors who have not furnished their PAN to the payer. The penal rate of TDS is 20 percent or any higher rate of TDS, as may be applicable, plus applicable surcharge and health and education cess. The FA 2016 has amended section 206AA of the IT Act to provide that the provisions shall not apply to non-residents in respect of payment of interest on long-term bonds as referred to in section 194LC and any other payment subject to such conditions as may be prescribed. Further, the CBDT, vide its notification dated 24 June 2016, has clarified that the provisions of section 206AA shall not apply to non-residents in respect of payments in the nature of interest, royalty, fees fortechnical services and payment on transfer of capital assets provided the non-residents provide the following information to the payer of such income: • Name, email-id, contact number;• Address in the country or specified territory outside India of which the deductee is a resident;• A certificate of his being resident in any country or specified territory outside India from the government of the other country or specified territory if the law of that country or specified territory provides for issuance of such certificate;• Tax Identification Number of the deductee in the country or specified territory of his residenceand in a case, no such number is available, then a unique number on the basis of which the deductee is identified by the Government of that country or the specified territory of which he claims to be a resident.
Zero Coupon Bond means a Bond on which no interest is payable.
Zero Coupon Bond means a Collateral Debt Security that, pursuant to the terms of its Underlying Instruments, on the date on which it is purchased by the Issuer, does not provide for the payment of interest, or provides that all payments of interest will be deferred until the final maturity thereof.
Zero Coupon Bond means a Bond on which no coupon is payable until maturity. Status of the Bonds 5.4.1 Issue of Bonds from capital centres and in generalThe Issuer issues Bonds from two capital centres. The Final Terms states from which capital centre each specific ISIN is issued. Any new capital centres may be covered by the Base Prospectus by means of addenda supplements. Any claims by the Bondholders with respect to the Bonds may only be made against the capital centre in which the specific ISIN is issued. Bondholders can exercise their rights by contacting the Issuer.The Issuer determines the opening of other ISIN codes in the respective capital centres. The Issuer also determines when to transfer funds to the respective capital centres. The Issuer is entitled at any time, and without notice to and consent from the relevant Bondholders, to separate and transfer to another capital centre Bonds covered by this Base Prospectus, any securities as well as any relevant derivative agreements. The separation presupposes that the rating, if any, of the Bonds in question with a credit rating agency is not lowered in connection with the separation. 5.4.2 SCBs and SMBs
Zero Coupon Bond means a Bond in respect of which no interest is payable issued by the Issuer at a discount to its Principal Amount.
Zero Coupon Bond or “ZC” means a notional zero coupon bond having the following characteristics: