Defi, Cryptocurrency, Bonds, Convexity, Finance.
dates may be at any interval, but semiannually (twice per year) would mean a $25 repayment every 6 months (0.5 years). In the case of a 3 year bond, the maturity date of the bond will be 3 years from issue (after which the issuer will pay the bondholder $1000). The issue price will often be at par