Definition of Pay-in-kind securities (PIK securities) - Finance dictionary
Pay-in-kind securities (PIK securities)((See Chapter 21 of the Vernimmen))
Pay-in-kind or payment-in-kind securities involve investors receiving more bonds in place of cashinterest, valued at par value. Those bonds are issued to help fund the big leveraged buy-outs.
Pay-in-kind securities (PIK securities)((See Chapter 21 of the Vernimmen))
Pay-in-kind or payment-in-kind securities involve investors receiving more bonds in place of cashinterest, valued at par value. Those bonds are issued to help fund the big leveraged buy-outs.
Pay-in-kind securities (PIK securities)((See Chapter 21 of the Vernimmen))
Pay-in-kind or payment-in-kind securities involve investors receiving more bonds in place of cashinterest, valued at par value. Those bonds are issued to help fund the big leveraged buy-outs.