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
• Redemption
• Security