San Antonio Texas Investment-Grade Bond Optional Redemption (without a Par Call) is a type of financial instrument issued by the city of San Antonio, Texas. In the world of bond investing, an investment-grade bond refers to a bond that has been assigned a credit rating of BBB or higher by a recognized credit rating agency. San Antonio Texas Investment-Grade Bond Optional Redemption (without a Par Call) follows these criteria, making it an attractive option for investors seeking stability and reliable returns. The term "optional redemption" implies that the issuer, in this case, the city of San Antonio, has the right to redeem the bond before its maturity date, giving them flexibility to take advantage of changing interest rate environments or financial circumstances. However, the absence of a "Par Call" provision means that the bond cannot be redeemed at a predetermined price. Instead, the issuer must pay the current market value of the bond when opting for redemption. San Antonio Texas Investment-Grade Bond Optional Redemption (without a Par Call) offers investors an opportunity to participate in the growth and development of San Antonio's economy. The proceeds from these bonds are often used for infrastructure projects, including transportation, schools, or public utilities, among others. By investing in these bonds, individuals or institutions contribute to the improvement of the city's overall infrastructure and quality of life, while also gaining potential financial returns. It's worth noting that there may be different series or types of San Antonio Texas Investment-Grade Bond Optional Redemption (without a Par Call), each with its unique characteristics. These may include variations in maturity dates, interest rates, and redemption terms. Investors interested in such bonds should carefully consider the specific details and potential risks associated with each series before making any investment decisions. Overall, San Antonio Texas Investment-Grade Bond Optional Redemption (without a Par Call) provides an excellent opportunity for risk-aware investors looking for stable and reliable investment options while also contributing to the growth and development of the vibrant city of San Antonio, Texas.
San Antonio Texas Investment - Grade Bond Optional Redemption (without a Par Call)
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More Definitions of Par Call Date Par Call Date means June 15, 2029, which is the date that is three months prior to the maturity date of the Securities. Sample 2. Sample 3. Based on 19 documents 19. Par Call Date means December 5, 2029, the date that is three months prior to the maturity date of the Securities.
A par bond is a bond that sells at its exact face value. This typically means that a bond sells for $1,000, since this is the face value of most bonds. A par bond will have a yield to the investor that matches the coupon amount attached to the bond.
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 redemption of bonds payable refers to the repurchase of bonds by their issuer. This usually occurs at the maturity date of the bonds, but may occur earlier if the bonds contain a call feature.
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.
A partial call is when securities are redeemed for cash by the issuer prior to the maturity date of the instrument. Callable securities include bonds and preferred stocks. The issuer will announce the record date of the call at which time holders of settled positions may become subject to the call.
If you have a paper savings bond, you can often redeem this bond at a local bank or credit union. According to the Treasury Department, more than 95% of savings bonds are cashed at local banks and credit unions.
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.
Redemption value is the price paid to the investor when the issuing company repurchases the security either before or at the maturity date. When called bonds are redeemed, they are redeemed at a price above par value. The earlier the bond is called by the issuer, the higher the bond's redemption value.
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.