Strip bonds are normally available from investment dealers maturing at terms up to 30 years. For some Canadian bonds, the maturity may be over 90 years.

In Canada, investors may purchase packages of strip bonds, so that the cash flows are tailored to meet their needs in a single security. These packages may consist of a combination of interest (coupon) and/or principal strips.

In New Zealand, bonds are stripped first into two pieces--the coupons and the principal.

1.Previous
3.Next