A premium bond is a bond trading above its par value; a bond trades at a premium when it offers a coupon rate higher than prevailing interest rates. This is because investors want a higher yield and will pay more for it. The additional bond premium eventually brings down the effective yield to the market prevailing rate. This is very rare higher premium quality material provided our industry to distributors and dealers. This type of material is not low quality material so we achieved comfort, durability & flexibility.