Interest Rate Swap
A type of derivative, in which the interest rate on the bonds is swapped, or exchanged, by the issuer for an agreed-upon fixed rate or variable rate based upon an index, calculated on a notional principal amount.
bond-basics
New Issue
Bonds offered to the public for the first time and often called the “initial offering.”
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
