par value

Banks can now borrow against the par value - and not the lower market value - of their bond portfolios.

Some of the beaten down bonds are heading close to their $1 par value.

Ross has departed DLI, which is now in receivership with an expected recovery of no more than 40% of its par value.

It recently notified holders of the notes that it would pay half the par value of the bonds in cash if the bonds are convertible and holders elect to make the conversion.

Many PG&E bonds were trading at discounts to their par value, indicating some concern about the company’s prospects.