What is a Straight Bond?
Definition: A Straight Bond is a bond, with a fixed interest and repayment date. Straight Bonds are the most common bonds. They are considered as the "normal case". As soon as the interest payment or the repayment is linked to additional terms, the bond can't be a Straight Bond anymore (i.e. Perpetuals, Zero-bonds, Floaters).
Example of a Straight Bond
Debtor: Swiss Confederation
Life-time: 2011-05-25 - 2022-05-25
Nominal Currency: CHF
Interest Coupon: 2%
Issue price: 100.10%
Repayment price: 100.0%
Characteristics of the Straight Bond
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