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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