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What Is a Discount Bond?

What Is a Discount Bond? A discount bond is a debt security that is issued or traded for a price lower than its face or par value. This means that investors can purchase the bond at a discount to its ...
Reuters

India's NABARD gets government approval to issue deep-discount debt

NEW DELHI, June 13 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) has obtained federal government approval to raise up to 195 billion rupees ($2.3 billion) through ...