NC: Difference between revisions
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imported>Doug Williamson (Created page with "''Securities - bonds - maturity - callable - non-callable.'' NC is an abbreviation for non-callable. For example, in the bond structure summarised as 60.5NC5.5: *60.5 is th...") |
imported>Doug Williamson (Expand definition.) |
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NC is an abbreviation for non-callable. | NC is an abbreviation for non-callable. | ||
For example, in the bond structure summarised as 60.5NC5.5: | For example, in the bond structure summarised as 60.5NC5.5: | ||
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*5.5 is the initial period, in years, during which the bond is non-callable (NC). After this initial period, the issuer can call (redeem) the bond early, before its final maturity. | *5.5 is the initial period, in years, during which the bond is non-callable (NC). After this initial period, the issuer can call (redeem) the bond early, before its final maturity. | ||
Different figures would indicate different periods of full maturity, and different periods of non-callability. | |||
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* [[Security]] | * [[Security]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
[[Category:Investment]] | [[Category:Investment]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Latest revision as of 21:35, 1 April 2022
Securities - bonds - maturity - callable - non-callable.
NC is an abbreviation for non-callable.
For example, in the bond structure summarised as 60.5NC5.5:
- 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 (NC). After this initial period, the issuer can call (redeem) the bond early, before its final maturity.
Different figures would indicate different periods of full maturity, and different periods of non-callability.
