60.5NC5.5: Difference between revisions
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imported>Doug Williamson (Create page - source - The Treasurer - https://www.treasurers.org/hub/treasurer-magazine/act-deals-of-the-year-awards-2021-bonds-above-750m-winner) |
imported>Doug Williamson (Update link.) |
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* [[Maturity]] | * [[Maturity]] | ||
* [[Non-callable]] | * [[Non-callable]] | ||
* [[ | * [[Redemption]] | ||
* [[Security]] | * [[Security]] | ||
Latest revision as of 21:25, 1 April 2022
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.
