Security where no interest is paid but the bond is traded at a discount. The entire face value of the security is repaid at maturity, and as a result zero-coupon securities typically fluctuate in price more than coupon bonds.
Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Held in Singapore, July 13th, 2023.
Get a ticket soon to ensure you can attend. Secure your place at the event here!