For new offerings, loans are increasingly being sold at essentially par, or 100 cents ... where original issue discounts, or prices on new issues below face value, have mostly disappeared.

Investing can be filled with a lot of industry jargon. Par value is a term you may hear in relation to the value of a bond or share of stock. In this instance, we are concerned with the par value ...

Loans to X Holdings Corp. that banks had on their books at big discounts just a few months ago are being sold at face value ...