Par value
Also written par.
Definition
The face value of an issue, usually $25 for exchange-listed preferreds and baby bonds. Issues are called at par, and the coupon is set as a percentage of par.
On a live record
C-N (Citigroup Capital XIII) trades at $26.39, 5.6% above its $25 par, the amount a call would pay. Open the C-N record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.