Santa Ana California Executive Summary Investment-Grade Bond Optional Redemption
State:
Multi-State
City:
Santa Ana
Control #:
US-ENTREP-0050-1
Format:
Word;
Rich Text
Instant download
Description
"Investment-grade bond optional redemption provisions, and the calculation of the make-whole redemption price, can vary by issuer and by the methodology used by the investment bank assisting with such calculation. This variation in language and calculation results in a lack of standardization in the manner of calculating the redemption price. As a result, market participants have expressed the desire for standardized language in investment-grade bond optional redemption provisions.
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