Sometimes bonds sell at prices higher or lower than their face value — that is at a premium or a discount. (moneysense.ca)
Bonds sold by issuers with lower credit ratings may offer higher yields than bonds issued by higher - rated or «investment - grade» issuers but are usually associated with higher risks. (us.etrade.com)
If your $ 1,000 bond sells for exactly $ 1,000, this is called «par» pricing. (themortgagereports.com)