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Extendable Notes

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Extendable notes
Note with maturity that can be extended by mutual agreement between the issuer and investors.

Extendable Note
A bond in which the date of maturity may be extended. Whether the issuer, bondholder, or both have the authority to extend the maturity depends upon the specific terms of the bond agreement. If a maturity is extended, the issuer continues to pay coupons. Thus, extendable notes usually sell at a higher price than other bonds because there is the possibility for a higher return. They are also called extendable bonds.


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TSF, sponsored by Eurohypo AG, New York Branch (Eurohypo, rated 'A/F1' by Fitch), is a bankruptcy-remote special purpose Delaware limited liability company established to issue up to $5 billion of 4 (2) asset-backed commercial paper (CP) and extendable notes (EN).
0 billion of 4(2) asset-backed commercial paper (CP) and extendable notes (EN).
5 billion in extendable notes issued by Wells Fargo & Company.
 
 
 
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