Mandatory redemption schedule

Mandatory redemption schedule

Schedule according to which bond sinking fund payments must be made.

Mandatory Redemption Schedule

The schedule according to which the issuer of a bond with a sinking fund provision must set aside funds to repay the bond at maturity. Bonds with sinking fund provisions require the issuer to put money aside to repay bondholders at maturity. This reduces the risk of default. The schedule according to which these funds are put aside is the mandatory redemption schedule.
References in periodicals archive ?
3 million Series B preferred stock is subject to a mandatory redemption schedule over five years starting in March 1995, subject to approval of bank lenders.
Assuming traffic growth of less than 1% from 2012, debt service coverage based on the mandatory redemption schedule should remain below the minimum coverage level requiring continued trapping of cash in the near term but then grows to over 1.
3 million preferred stock is subject to a mandatory redemption schedule over five years starting in March 1995, subject to approval of bank lenders.
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