For companies that could pay you back, but their bonds are trading below par, probably because they have a low coupon.

对于那些可以还你钱的公司，他们的债券交易低于票面价值交易，很可能是因为他们的票息很低。

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Investors, typically hedge funds, buy high-coupon bonds that are often divided into tranches.

投资者，通常是对冲基金，购买这种分为不同部分的高利率债券。

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Bonds that do not pay interest are called zero coupon bonds.

不付息的债券叫做零息债券。

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We're talking about discount bonds, and then coupon-carrying bonds, and then talk about the term structure of interest rates and why we have interest rates.

我们先讲贴现债券,然后是附息债券,再讲讲利率的期限结构,以及为什么要有利率

耶鲁公开课 - 金融市场课程节选

And second, because of the principal guarantee, the Internal Revenue Service treats these like zero-coupon bonds, meaning you pay taxes on imputed interest of around 5% each year, at ordinary-income rates as high as 35%.

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At low-coupon, high-discount junk bonds of good businesses with wrong capital structures, downgraded in the market because they are loaded with junk debt.

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When interest rates are low, most of the initial deposit goes into the zero-coupon bonds.

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