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Premium Bonds is a lottery bond scheme organised by the United Kingdom government since 1956. At present it is managed by the government's National Savings and Investments agency. The principle behind Premium Bonds is that rather than the stake being gambled, as in a usual lottery , it is the interest on the bonds that is distributed by a lottery.
Lottery bonds are usually issued in a period where investor zeal is low and the government may see an issue failing to sell. By knowing ahead of time when the coupons will be paid and how many bonds will be redeemed at the original value and at the lottery value, the issuer can value the bond accurately and know ahead of time the cost of the borrowing.
A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
Each maturity of bond (one-year, two-year, five-year and so on) was thought of as a separate market until the mid-1970s when traders at Salomon Brothers began drawing a curve through their yields. This innovation - the yield curve - transformed the way bonds were both priced and traded and paved the way for quantitative finance to flourish.
High-yield bonds — sometimes called junk bonds — carry a higher default risk and tend to be issued by companies with weaker financial stability or less reliable income streams. Thus, the yield ...
Pages in category "Government bonds issued by India" This category contains only the following page. This list may not reflect recent changes. N.
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Bond Type Currency Australia Office of Financial Management Treasury Indexed Bonds (TIBs) AUD ($) Canada Bank of Canada Marketable Bonds CAD ($) China Ministry of Finance People's Bank of China (PBC) Bonds CNY (¥) France Agence France Tresor (French Treasury) Obligation Assimilable du Tresor (OAT) EUR (€) Germany