These securities are known as Original Issue Discount (OID) bonds, since the difference between the discounted price at issuance and the face value at maturity represents the total interest paid in one lump sum. (fidelity.com)
In addition, Internal Revenue Service Publications 550, «Investment Income and Expenses,» and 1212, «List of Original Issue Discount Instruments,» may provide useful information for investors who buy, hold or sell market discount bonds. (investinginbonds.com)
The debt component of the offering consists of $ 6 million in non-interest bearing non-convertible original issue discount senior secured debt maturing on February 10, 2019 and warrants to purchase a total of 6,875,000 shares of Common Stock at a fixed exercise price of $ 0.96 per share. (ricebrantech.com)