What does callable at par mean?

A callableredeemablebond is typically called at a value that is slightly above the par value of the debt. The earlier in a bond's life span that it is called, the higher its call value will be. For example, a bond maturing in 2030 can be called in 2020. It may show a callable price of 102.

How do you get a bond redemption?

Two options: If you hold an account at a local bank and it cashes savings bonds, ask the bank if it will cash yours. The answer may depend on how long you've held an account there.Send them to Treasury Retail Securities Services along with FS Form 1522 (download or order). You don't need to sign the bonds.

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Investment - Grade Bond Optional Redemption (with a Par Call)

King Washington Investment - Grade Bond Optional Redemption (with a Par Call)

Name: King Washington Investment - Grade Bond Optional Redemption (with a Par Call)
Brand: US Legal Forms
Rating: 4.6 (237 reviews)

Category:

Corporations - Startup - Venture Financing Process

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Multi-State

County:

King

Control #:

US-ENTREP-0051-2

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Instant download

Description

Optional Redemption. Prior to. ( month[s] prior to their maturity date) (the "Par Call Date"), theCompany may.redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price.

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FAQ

Over the past several years, par calls (at a price of 100% of the principal amount of the debt being redeemed plus accrued and unpaid interest) near the end of maturity have been relatively standard in investment grade utility debt. The duration of the par call varies depending on the tenor of the debt.

"Par Call Date" means (the date that is three months prior to the maturity date of the notes).

Bond issuers redeem callable bonds when interest rates experience a big drop. When rates fall, issuers of callable bonds have two choices: They can keep the bonds active and pay higher-than-market interest rates to investors, or they can redeem the bonds and cease making those interest payments.

A callableredeemablebond is typically called at a value that is slightly above the par value of the debt. The earlier in a bond's life span that it is called, the higher its call value will be. For example, a bond maturing in 2030 can be called in 2020. It may show a callable price of 102.

Two options: If you hold an account at a local bank and it cashes savings bonds, ask the bank if it will cash yours. The answer may depend on how long you've held an account there.Send them to Treasury Retail Securities Services along with FS Form 1522 (download or order). You don't need to sign the bonds.

Callable or redeemable bonds are bonds that can be redeemed or paid off by the issuer prior to the bonds' maturity date. When an issuer calls its bonds, it pays investors the call price (usually the face value of the bonds) together with accrued interest to date and, at that point, stops making interest payments.

The call date is a day on which the issuer has the right to redeem a callable bond at par, or at a small premium to par, prior to the stated maturity date. The call date and related terms will be stated in a security's prospectus.

A callable bond, also known as a redeemable bond, is a bond that the issuer may redeem before it reaches its stated maturity date. Redemption value is the price at which the issuing company will repurchase the bond from investors before its maturity date.

A bond redemption is the full repayment of the principal amount (the amount you invested) and any interest owed to date.

What Is Partial Redemption? A partial redemption is the retirement or payment of a portion of a callable (or redeemable) security before its maturity date. Call (or prepayment) provisions govern how early redemptions, whether whole or partial, are handled.

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Assessment as to the suitability of investing in the Instruments. Issuer (as defined in the Base Prospectus) in such jurisdiction.19056,250 00 call after 20 years .

King Washington Investment - Grade Bond Optional Redemption (with a Par Call)

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