CCM Debt Securities Practice Questions - SEC Sri Lanka Certificate In Debt Securities (CCM) Exam

It pays a variable coupon rate tied to the Sri Lanka Interbank Offered Rate (SLIBOR). It pays interest coupon payments only if the issuer generates a profit during the financial year. It is issued at par value and redeemed at a premium at maturity to compensate for the lack of coupons. It is issued at a discount to its par value, makes no periodic coupon payments, and is redeemed at par at maturity.