below par

基本解釋

A combination of factors kept domestic demand below par.
許多因素的綜合影響使得國內(nèi)需求低于正常水平。
So, for companies that could pay you back, but their bonds are trading below par, probably because they have a low coupon.
因此，公司也許可以支付你，但是它們的債券只能以低于票面價值交易，很可能是因為他們的票息很低。
The source praised the aircraft's long endurance, but said the sensors are currently sub-par and “will continue to be well below par.
這位人士在肯定其長航時的同時，認為其傳感器目前低于平均水平，并“將繼續(xù)中等偏下”。

So, for companies that could pay you back, but their bonds are trading below par, probably because they have a low coupon.
因此，公司也許可以支付你，但是它們的債券只能以低于票面價值交易，很可能是因為他們的票息很低。
耶魯公開課 - 金融市場課程節(jié)選
We were interested in finding bonds trading below par where we thought there was a chance that companies would not file their financial statements on time.
我們對發(fā)現(xiàn)以低于票面價值進行交易的債券很感興趣,我們認為在沒有按時發(fā)布它們財務(wù)報表的公司,時機有可能發(fā)現(xiàn)。
耶魯公開課 - 金融市場課程節(jié)選

Ten year bond prices have fallen below par after trading well into the 120s for all of September.
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In addition, you have call protection since they trade well below par so a call is a positive event.
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