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

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Multi-State
County:
Maricopa
Control #:
US-ENTREP-0051-2
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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.

Maricopa Arizona Investment-Grade Bond Optional Redemption (with a Par Call) Maricopa, Arizona, offers investment-grade bonds with an optional redemption feature known as a Par Call. This financial instrument is designed to attract investors seeking secure and predictable returns. The Maricopa Arizona Investment-Grade Bond with a Par Call enables bondholders to redeem their bonds before the maturity date at an agreed-upon price, usually par value or face value. Being investment-grade bonds, this means that they carry a relatively low risk of default, making them an appealing option for conservative investors or those seeking to preserve capital. Maricopa, Arizona, is known for its stable financial health and ability to make regular interest and principal payments on time. The optional redemption feature with a Par Call adds flexibility to the investment. Bondholders have the right but not the obligation to redeem the bonds prematurely, usually after a specified lock-in period. The Par Call feature ensures that the bonds can be redeemed at par value, regardless of current market conditions or interest rates. This type of bond offers attractive benefits to both the issuer and the investor. Maricopa, Arizona, can take advantage of favorable market conditions by redeeming bonds at par value and refinancing its debt at potentially lower rates. Investors, on the other hand, gain the ability to exit their investments early if desired or take advantage of alternative investment opportunities. Different types of Maricopa Arizona Investment-Grade Bond Optional Redemption (with a Par Call) may include: 1. General Obligation Bonds: These bonds are backed by the full faith and credit of Maricopa, Arizona, and are secured by the city's taxing authority. They are considered low-risk investments as they are backed by the city's ability to raise taxes if needed to meet bond obligations. 2. Revenue Bonds: These bonds are secured by specific revenue sources, such as income from utilities, tolls, or special projects. They are typically issued to fund infrastructure projects or improvements within Maricopa, Arizona. 3. Tax Increment Financing (TIF) Bonds: TIF bonds are issued to finance development projects within designated Tax Increment Financing districts. These bonds are backed by the increased tax revenue generated from the economic development within the TIF district and are often considered lower risk due to the potential for increased revenue over time. Investors interested in Maricopa Arizona Investment-Grade Bond Optional Redemption (with a Par Call) should consult with a financial advisor or bond specialist to understand the terms, risks, and potential returns associated with these investments. As with any investment, thorough research and due diligence are essential to make informed investment decisions.

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In a make-whole call, the investor receives a single payment for the NPV of all future cash flows of the bond. That typically includes the remaining coupon payments associated with the bond under the make-whole call provision. It also includes the par value principal payment of the bond.

Make whole calls can be exercised at any time prior to maturity. For example, when MetLife Inc. issued its 6.75% seven-year bond in May 2009, it set a make whole spread of 50 basis points, or 0.50%1. Its $100.00 par value was based on a yield spread of 375 to a Treasury note of comparable maturity.

Term. In-whole Call. Definition. What does In-whole Call mean? This is the redemption of an entire bond issue by the issuer.

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.

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.

whole call provision is a clause in a bond's contract that allows the issuer to retire the bond early by paying off the remaining debt on the bond.

Make-Whole Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero.

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.

What is a Make-Whole Call Provision? A make-whole call provision is a clause in a bond's contract that allows the issuer to retire the bond early by paying off the remaining debt on the bond.

A call provision is a provision on a bond or other fixed-income instrument that allows the issuer to repurchase and retire its bonds. The call provision can be triggered by a preset price and can have a specified period in which the issuer can call the bond.

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People coming in to fill out applications just do not qualify. At a redemption price of par plus interest accrued to the date of redemption, without premium. (b).Optional Redemption. Will meet with the City's three credit rating firms in the fall 2017.

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