See: par. Bloomberg Financial Dictionary
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at a price that is above the original value when shares and bonds were first made available:
• The jeans maker's bonds are trading above par.
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above par UK US adjective
► STOCK MARKET relating to bonds, shares, etc. that are selling at more than their face value (= the value shown on them): »
Stock bought above par will result in a capital loss.
► better than usual, or above the expected standard: »
The food in the hotel is well above par.
Financial and business terms. 2012.