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What is Innovations in India about?

This document discusses various types of debt market innovations and mortgage-backed securities. It provides details on zero-coupon bonds, junk bonds, catastrophe bonds, and floating rate bonds. Zero-coupon bonds do not pay interest but are sold at a deep discount and redeemed at full face value. Junk bonds are high-yield, high-risk corporate bonds. Catastrophe bonds transfer risks from sponsors to investors and may forgive repayment if a specified catastrophe occurs. Floating rate bonds have variable inter

Author

Yash Mittal

Language

EN