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Bonds

This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.

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October 5, 2021 at 10:06 pm #637063
humai
Participant
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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?
October 6, 2021 at 7:41 am #637104
John Moffat
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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).
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