Discover and read the best of Twitter Threads about #DIV0
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STOP EVERYTHING YOU'RE DOING. IT IS HERE.
THE FIRST ZERO COUPON PERPETUAL BOND EVER.
THE FIRST ZERO COUPON PERPETUAL BOND EVER.
(In case your pricing model breaks done with 0/0 #DIV0 stuff, the current market price is 70% of par.)
Jokes aside, this is actually extremely interesting because this is afaik the first time a coupon formula for a bond gives a negative coupon. Which leads to a fascinating legal question since the different between a bond and a loan is that
