5 ms·
Ultra high coupon bonds are the new workaround. The debt limit is on the par value or face value of the debt. If you have a ridiculously high coupon, meaning in
by thoughtstheseus 4y ago
Ultra high coupon bonds are the new workaround. The debt limit is on the par value or face value of the debt. If you have a ridiculously high coupon, meaning interest payment, people will pay far above the face value.