Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If my Original Offering* is $1,500,000 (In thousands), does this mean my face value for this bond is $1,500 and not $1,000? (Original Issue Offering

image text in transcribed

If my Original Offering* is $1,500,000 (In thousands), does this mean my face value for this bond is $1,500 and not $1,000? (Original Issue Offering Size= $1million*Face Value)

Issue Elements \begin{tabular}{lr} \hline Offering Date & 03/22/2022 \\ \hline Dated Date & 03/24/2022 \\ \hline First Coupon Date & 10/01/2022 \\ \hline Original Offering* & $1,500,000.00 \\ \hline Amount Outstanding* & $1,500,000.00 \\ \hline Series & - \\ \hline Issue Description & - \\ \hline Project Name & - \\ \hline Payment Frequency & Semi-Annual \\ \hline Day Count & 30/360 \\ \hline Form & Book Entry \\ \hline Depository/Registration & DTC, Clearstream, \\ & Euroclear \\ \hline Security Level & Senior \\ \hline Collateral Pledge & - \\ \hline Capital Purpose & - \\ \hline \end{tabular} *dollar amount in thousands

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions