In the tradable fixed interest market there are a number of different types of securities, from senior bonds with a fixed coupon (interest rate) and maturity date, through to perpetual preference shares with resettable coupons and no maturity date. Some of the key points to note about the various types of tradable fixed income securities available are: Senior Bonds - These bonds can be either secured or unsecured. They rank ahead of subordinated debt holders and shareholders.
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Defining Some Different Fixed Rate Bond Types
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