The new-issue concession is the extra spread at which a company’s new bond is priced over its existing bonds of similar maturity, the price the issuer pays to attract enough buyers quickly.
Quantitative Finance · Glosarium
Quantitative Finance · Glosarium
The new-issue concession is the extra spread at which a company’s new bond is priced over its existing bonds of similar maturity, the price the issuer pays to attract enough buyers quickly.