Debt Capital Markets · glossary

Coupon

The market’s word for an interest payment on a bond. The Conditions also use it for the interest slips attached to a paper Note. The Notes stay in the global note, so no paper coupon is ever cut, and the money moves between accounts. Condition 5.1 · Chapter 10

Explained in Chapter 10, After Listing: Inside Information under MAR and the First Interest Payment, of Debt Capital Markets.

How it comes up, in Chapter 10
The market calls each interest payment a coupon, though no paper coupon exists. The Notes stay in the global note, and the money moves between accounts.
Read Chapter 10, After Listing: Inside Information under MAR and the First Interest Payment →

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Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Debt Capital Markets → · All terms A–Z →