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Definition of Jumbo bond - Finance dictionary
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Jumbo bond (See Chapter 21 of the Vernimmen)
A "jumbo" issue refers to an issue of securities for a high nominal amount (often in excess of Euro 1 bn). A Jumbo issue both minimises issue costs and increases the liquidity of the security.
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Definitions of terms begining
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Jumbo bond (See Chapter 21 of the Vernimmen)
A "jumbo" issue refers to an issue of securities for a high nominal amount (often in excess of Euro 1 bn). A Jumbo issue both minimises issue costs and increases the liquidity of the security.
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