If bonds are issued at a discount it means?

If bonds are issued at a discount, it means they are sold for less than their face value. This typically occurs when the coupon rate of the bond is lower than the prevailing market interest rates, making the bond less attractive to investors. As a result, to entice buyers, the issuer offers the bond at a lower price, compensating for the lower interest payments. Consequently, investors benefit from both the interest payments and the potential for capital gains when the bond matures at its full face value.