Debentures issued at a price above the nominal value are said to be issued

Debentures issued at a price above the nominal value are said to be issued "at premium". A debenture is a type of bond or loan security issued by a company. The nominal value, also known as face value or par value, is the value of the debenture when it is first issued. If the debenture is issued at a price that is higher than its nominal value, it is said to be issued at a premium. This means that investors are willing to pay more than the face value of the debenture because they believe that it offers a better return than other investments. The opposite of issuing at a premium is issuing at a discount, which means that the debenture is issued at a price lower than its nominal value.