Serial bonds are financial bonds that mature in installments over a period of time. In effect, a $100,000, 5-year serial bond would mature in a $20,000 annuity over a 5-year interval.[1] These are bond issues consisting of a series of securities blocks which mature in sequence, and the coupon rate for these various blocks can be different.[2]
References
edit- ^ Horngren C. (2007). Accounting (7th ed.). Upper Saddle River, NJ: Prentice. pp. 734. ISBN 0-13-243960-3.
- ^ Fabozzi, Frank J. (2000). Fixed Income Analysis for the Chartered Financial Analyst Program. New Hope, Pennsylvania: Frank J. Fabozzi Associates. pp. 14. ISBN 1-883249-83-X.