Forget Treasuries -- Try These 3 Little-Known Bonds Instead Payment-In-Kind (PIK) Bond A payment-in-kind bond (PIK bond) gives the issuer the option of making interest and principal payments with either cash or additional bonds One of the most famous PIK bond issues came in 1989 when RJR Nabisco issued $1 billion of them as part of Kohlberg Kravis Roberts' well-known leveraged buyout of the company
Search Page | Investing Answers Payment in Kind (PIK) Bonds A payment in kind (PIK) bond is a bond that pays interest in additional bonds instead of