The Use of Deep Discount and Zero Coupon Bonds in the UK Property Market – 2
Article publication date: 1 August 1991
Notes there has been a growing awareness of the need to introduce hybrid financial instruments to the property financing market including deep discount, zero coupon and stepped bonds (DDBs). Considers what terms are typically available and where and how they may be applied. Concludes that the rewards which flow from the use of DDBs can be significant in terms of running yield and redemption value and, if they are traded in the Euro or domestic market, may be considered liquid.
Shayle, A. (1991), "The Use of Deep Discount and Zero Coupon Bonds in the UK Property Market – 2", Journal of Property Finance, Vol. 2 No. 2. https://doi.org/10.1108/09588689110032956
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