bonds

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December 11, 2020 at 1:53 am #599307
Noah098
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sir when bonds are first floated in the primary market then do they get offloaded at the face value itself (say, $100)? Or their floating price is determined by the demand and supply forces in the primary market on which the issuing entity has no control whatsoever?

thanks!
December 11, 2020 at 6:30 am #599328
John Moffat
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The company determines the issue price and it will usually be the nominal value (but they can issue them at a discount if they want to).
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