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Bullet Bond

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Bullet Bond
A bond with no special features that cannot be redeemed prematurely. That is, the bullet bond repays the entire principal at maturity and at no other time. It is also called a virgin bond. See also: Bullet.

bullet bond
A bond that is noncallable.


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The use of prepayment penalties allows lenders to better match their assets and liabilities, which are typically simple bullet bonds or deposits combined with interest-rate swaps.
The issue is expected to consist of GO federally taxable serials maturing April 1, 2013-2016, and GO federally taxable bullet bonds maturing April 1, 2034 and 2039.
The proposed bullet bond issuance will be used to refinance existing debt at two power generation operating companies, Andres B.
 
 
 
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