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Frequently Asked Questions
  What types of non-convertible corporate bonds are listed on Nasdaq?
Identification Number 1805

Traditional non-convertible corporate bonds, issued in denominations of $1,000 or more and assigned a fixed income CUSIP by the CUSIP Bureau, are listed on the Nasdaq Bond Exchange pursuant to Nasdaq Rule 5702.

"Baby Bonds" are debt securities that are issued in smaller denominations than non-convertible corporate bonds (typically $25) and assigned an equity CUSIP by the CUSIP Bureau.  These securities trade "flat" (i.e., purchasers will not pay and sellers will not receive any accrued and unpaid interest on the bonds that is not included in the trading price), much like a preferred stock.  Baby Bonds are listed on the Nasdaq Global Market pursuant to Nasdaq Rule 5730. See FAQ 1806 for more information. 

 If you have questions about listing bonds on Nasdaq, please contact the Listing Qualifications Department at (301) 978-8008.
Publication Date*: 3/25/2023 Mailto Link Identification Number: 1805
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