At Par

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Related to par value: coupon interest rate, Stated value

At Par

 

correlation between the market or stock exchange rate of exchange for securities and currency and their nominal (parity) value. As a rule, the rates of exchange for securities and currency in the money markets of capitalist countries show a deviation from the nominal value.

References in periodicals archive ?
About 1.0 billion is for its Series A to D preferred shares with a par value of P0.50 per share or worth P500 million; 1.5 billion for its Series E preferred shares valued at P750 million; 100 million Series F preferred shares worth P1.0 billion; 135 million Series G valued at P1.35 billion; and 300 million Series H preferred shares for P3.0 billion.
(NASDAQ and TASE: BCOM) has completed the private placement of NIS148 million par value of its Series B Debentures to Israeli institutional investors for an aggregate consideration of approximately NIS162 million (approximately USD42 million), the company said.
Amer board decided to adjust the stock par value for Amer Group Holding (demerging company) through reducing capital after split to EGP 0.20, while the par value of Porto Group (demerged company) will be at EGP 0.10 per share.
The rights offer is priced as 102 baisas per share representing the par value of 100 baisas per share plus an additional two baisas as issue expenses.
ILFC added that it used the proceeds to prepay in full and at par its USD550m senior secured loan originally scheduled to mature on 17 March 2016, which bore interest at LIBOR plus 5.0% per annum with a LIBOR floor of 2.0% and was priced at 98% of par value.
Through this deal, Value Partners would be able to access the USD350bn mutual funds sector in China, Reuters said.Country: China, Sector: Banking/Financial ServicesTarget: KBC Goldstate Fund Management CoBuyer: Value Partners Group Limited Vendor: KBC Groep NV Type: DivestmentStatus: ExclusivityComment: At par value the stake is said to be worth some USD11.8m.
(NYSE: ROL), a premier North American consumer and commercial services company, has repurchased 70,000 shares of its USD1 par value common stock for the fourth quarter of 2011.
In such a scenario, the real coupon will be calculated on the indexed principal that will be lower than its par value, but at the time of redemption the principal repaid will be equivalent to its par value.
"Equally, [euro]750bn could buy you just over a third of the southern European government bond market in par value today; just under a third of the southern European government bond market by par value three years from now; or just ' under a fifth of the total debt (public and private sector) of southern Europe in par value today.
Regardless of how the par value is distributed, at the ex coupon date a bond will sell for the remaining par value if and only if the contract rate equals the yield to maturity.
Gemini acquired the notes at an undisclosed discount to par value.
They are in three tranches, two in Egyptian pounds with a par value of 87.5 pounds and one in dollars with a par value of $87.5.