View source for 60.5NC5.5

''Securities - bonds - maturity - callable - non-callable.''

In the bond structure summarised as 60.5NC5.5:

*NC means non-callable.

*60.5 is the full maturity of the bond, in years.

*5.5 is the initial period, in years, during which the bond is non-callable.  After this initial period, the issuer can call (redeem) the bond early, before its final maturity.


== See also ==
* [[Bond]]
* [[Callable]]
* [[Issuer]]
* [[Maturity]]
* [[Non-callable]]
* [[Redeem]]
* [[Security]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]