A bond issued in a denomination of less than $1000 issued as a means of reaching small investors and thus widening the possible market and permitting increased diversification for small investors.
Bond with a face value of less than $1,000.
One sold at face amount less than $1,000 to make it attractive to smaller investors. See Bond.
A bond with a face value of less than $1000.
A bond with a par value of less than $1000. Source
Bonds whose par values are less than $1,000 are often described as baby bonds, or, in the case of municipal bonds, as mini-munis. Small companies that may not be able to attract institutional investors, such as banks and mutual fund companies, may offer smaller-denomination bonds to raise cash from individual investors. Some municipalities also use baby bonds to foster involvement in government activities by making it possible for more people to invest.