Minibond

Minibond is a brand name for a series of structured financial notes issued in Hong Kong and Singapore under the control of Lehman Brothers.

The term "Minibond" is also used to refer to other likewise structured Notes, namely Constellation Notes and Octave Notes, respectively issued in Hong Kong under the direction of DBS Bank and Morgan Stanley. These Notes, coupled with Minibonds (and other Equity-linked Notes issued by Lehman Brothers) are sometimes officially referred to as "Lehman-related securities".

Lehman Brothers arranged 3 "Special Purpose Entities" (hereafter "SPE") to issue Minibond-like Notes in Hong Kong from 2002 to 2008. Minibonds are issued by Pacific International Finance Limited, and the Notes issued by the other 2 SPE are branded "ProFund Notes" and "Pyxis Notes". Unlike the Minibonds (which have a three-layered structure), these latter Notes feature 2 layers of notes bundled.

## See also

* Credit
* Credit derivative
* Credit derivative risks
* Default Risk
* CLN
* CDO

## References

* v
* t
* e

Bond market

* Bond
* Debenture
* Fixed income

Types of bonds by issuer|

* Agency bond
* Corporate bond
* Senior debt
* Subordinated debt
* Distressed debt
* Emerging market debt
* Government bond
* Municipal bond

Types of bonds by payout|

* Accrual bond
* Auction rate security
* Callable bond
* Commercial paper
* Consol
* Contingent convertible bond
* Convertible bond
* Exchangeable bond
* Extendible bond
* Fixed rate bond
* Floating rate note
* High-yield debt
* Inflation-indexed bond
* Inverse floating rate note
* Perpetual bond
* Puttable bond
* Reverse convertible securities
* Zero-coupon bond

Bond valuation|

* Clean price
* Convexity
* Coupon
* Credit spread
* Current yield
* Dirty price
* Duration
* I-spread
* Mortgage yield
* Nominal yield
* Option-adjusted spread
* Risk-free bond
* Weighted-average life
* Yield curve
* Yield spread
* Yield to maturity
* Z-spread

Securitized products|

* Asset-backed security
* Collateralized debt obligation
* Collateralized mortgage obligation
* Commercial mortgage-backed security
* Mortgage-backed security

Bond options|

* Callable bond
* Convertible bond
* Embedded option
* Exchangeable bond
* Extendible bond
* Puttable bond

Institutions|

(SIFMA)

* v
* t
* e

Derivatives market

Derivative (finance)

Options|

| Terms|

* Credit spread
* Debit spread
* Exercise
* Expiration
* Moneyness
* Open interest
* Pin risk
* Risk-free interest rate
* Strike price
* the Greeks
* Volatility

|

Vanilla options|

* American
* Bond option
* Call
* Employee stock option
* European
* Fixed income
* FX
* Option styles
* Put
* Warrants

Exotic options|

* Asian
* Barrier
* Basket
* Binary
* Chooser
* Cliquet
* Commodore
* Compound
* Forward start
* Interest rate
* Lookback
* Mountain range
* Rainbow
* Swaption

Combinations|

* Collar
* Covered call
* Fence
* Iron butterfly
* Iron condor
* Straddle
* Strangle
* Protective put
* Risk reversal

Spreads|

* Back
* Bear
* Box
* Bull
* Butterfly
* Calendar
* Diagonal
* Intermarket
* Ratio
* Vertical

Valuation|

* Binomial
* Black
* Black–Scholes model
* Finite difference
* Garman–Kohlhagen
* Margrabe's formula
* Put–call parity
* Simulation
* Real options valuation
* Trinomial
* Vanna–Volga pricing

Swaps|

* Amortising
* Asset
* Basis
* Conditional variance
* Constant maturity
* Correlation
* Credit default
* Currency
* Dividend
* Equity
* Forex
* Forward Rate Agreement
* Inflation
* Interest rate
* Overnight indexed
* Total return
* Variance
* Volatility
* Year-on-Year Inflation-Indexed
* Zero Coupon Inflation-Indexed
* Zero Coupon Swap

* Forwards
* Futures

* Contango
* Currency future
* Dividend future
* Forward market
* Forward price
* Forwards pricing
* Forward rate
* Futures pricing
* Interest rate future
* Margin
* Normal backwardation
* Single-stock futures
* Slippage
* Stock market index future

Exotic derivatives|

* Energy derivative
* Freight derivative
* Inflation derivative
* Property derivative
* Weather derivative

Other derivatives|

* Collateralized debt obligation (CDO)
* Constant proportion portfolio insurance
* Contract for difference
* Credit-linked note (CLN)
* Credit default option
* Credit derivative
* Equity-linked note (ELN)
* Equity derivative
* Foreign exchange derivative
* Fund derivative
* Interest rate derivative
* Mortgage-backed security
* Power reverse dual-currency note (PRDC)

Market issues|

* Consumer debt
* Corporate debt
* Government debt
* Great Recession
* Municipal debt
* Tax policy

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