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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Bonds
The financial reconstruction plan would involve raising $1,320 million ($1·32 billion) new debt finance consisting of bonds issued at their face value of $100.
Sir in above I want to ask 1 thing that firstly the MV is not given correct?
Secondly issue value and face value is same thing?
The face value is the nominal or par value, and the company is issuing them at that price. (That will be the initial market value because it is new debt being issued and is not debt that is already being traded).