The Use of Deep Discount and Zero Coupon Bonds in the UK Property Market – 1
Article publication date: 1 April 1991
Notes there has been a growing awareness of the need to introduce hybrid financial instruments to the property financing market. Examines the characteristics of deep discount, zero coupon and stepped bonds. Discusses cash flow, accounting and taxation. Concludes that these techniques offer new dimensions to the changing requirements of property finance.
Shayle, A. (1991), "The Use of Deep Discount and Zero Coupon Bonds in the UK Property Market – 1", Journal of Property Finance, Vol. 2 No. 1. https://doi.org/10.1108/EUM0000000003430
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