Investment-Grade Bond Optional Redemption (without a Par Call) Optional Redemption. The Company may redeemthe notes atits option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places).
California Investment-Grade Bond Optional Redemption (without a Par Call) refers to a type of bond issued by the state of California with an investment-grade credit rating. This bond allows the issuer, the state of California, to redeem or call back the bond before its maturity date, but without the requirement of paying a par call. In California, there are a few types of investment-grade bond optional redemptions, including: 1. California General Obligation Bonds: These are bonds issued by the state of California to finance various public works projects, such as infrastructure development, education, and healthcare. The optional redemption feature allows the state to redeem the bonds prior to their maturity date if desired, without incurring a par call. 2. California Municipal Bonds: Municipal bonds are issued by local governments within California to finance local projects and investments. Investment-grade municipal bonds allow optional redemption without a par call, providing flexibility for the issuer, such as cities and counties, to manage their debt obligations. 3. California Revenue Bonds: Revenue bonds are backed by specific revenue streams, like toll fees, utility payments, or lease payments. They are issued by various entities in California, including transportation authorities, water districts, or public utilities. Investment-grade revenue bonds may also offer optional redemption without a par call to the issuer. In summary, California Investment-Grade Bond Optional Redemption (without a Par Call) refers to a range of bonds issued by the state of California, local governments, and other entities with investment-grade credit ratings. These bonds provide the issuer with the option to redeem them before maturity without incurring a par call, offering flexibility in managing debt obligations and potentially providing benefits to investors.
California Investment-Grade Bond Optional Redemption (without a Par Call) refers to a type of bond issued by the state of California with an investment-grade credit rating. This bond allows the issuer, the state of California, to redeem or call back the bond before its maturity date, but without the requirement of paying a par call. In California, there are a few types of investment-grade bond optional redemptions, including: 1. California General Obligation Bonds: These are bonds issued by the state of California to finance various public works projects, such as infrastructure development, education, and healthcare. The optional redemption feature allows the state to redeem the bonds prior to their maturity date if desired, without incurring a par call. 2. California Municipal Bonds: Municipal bonds are issued by local governments within California to finance local projects and investments. Investment-grade municipal bonds allow optional redemption without a par call, providing flexibility for the issuer, such as cities and counties, to manage their debt obligations. 3. California Revenue Bonds: Revenue bonds are backed by specific revenue streams, like toll fees, utility payments, or lease payments. They are issued by various entities in California, including transportation authorities, water districts, or public utilities. Investment-grade revenue bonds may also offer optional redemption without a par call to the issuer. In summary, California Investment-Grade Bond Optional Redemption (without a Par Call) refers to a range of bonds issued by the state of California, local governments, and other entities with investment-grade credit ratings. These bonds provide the issuer with the option to redeem them before maturity without incurring a par call, offering flexibility in managing debt obligations and potentially providing benefits to investors.