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Payment In Kind (PIK) BondA bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds.

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PIK (Payment-in-kind) securities
PIK
Option
Low-coupon bond refunding
Listed option
Issuer

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Keywords

Payment-In-Kind

Payment In Kind

PIK

Payment In Kind bond

bonds

issuer

option

bond option

coupon

coupon payments