at par

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At par is an expression which is used as another way to describe the value of a stockdebt or, more typically, a bond at the moment of its issuance. To be equal or on the same level.

When a bond is traded at par value, it means that it was bought or sold at its stated or face value and will have a return that is equal to its risk (or coupon). This means there was no discount and no premium included in its price.