Given all this, it appears that Obama is performing above par
relative to the broader negative political climate, although the reason is not clear.
The problem the investment banker is unlikely to highlight to the issuer up front, however, is that this subsequent debt issued significantly above par
almost always must carry a 10-15 basis-point yield enhancement in order to attract buyers.
When the rapid cancellation subsides, the net asset value will rise above par
value again,'' he said.
If the market rate is less than the coupon rate, the bond will trade above par
(at a premium).
Because many investors, particularly individual investors, prefer not to pay a price above par
, premium often is generated with capital appreciation bonds (CABs), rather than current coupon bonds.
It received strong investor appeal, pricing at 101 percent above par
VERDICT: not quite the same pizazz as on Virgin Atlantic long haul, but pretty good for under 90 quid and well above par
if you're taking your golf clubs to Scotland.
visitors celebrate Geggan's winner after Lynch (inset) helped set Stenny up for victory
Unlike the recent Turkey Government issue it will remain above par
partly because it is a smaller transaction and partly because of QIB's higher rating of "A" compared to "Ba1" for the Government of Turkey.
Apart from that one negative, all other aspects of the show were above par
The new tranche of the existing issue was priced above par
-- at 104.
By studying the language of bogus recommendations they identified how companies fool the public into thinking their hotels and resorts are above par