Series bond

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Series bond

Bond that may be issued in several series under the same indenture document.

Series Bond

A single issue of a bond made in two or more tranches. For example, a company may announce that is intends to issue $10,000,000 in bonds in two tranches of $5,000,000. Series bonds are common to collateralized mortgage obligations, which are backed by pools of mortgages. These mortgages are arranged in tranches that mature at different times, for instance, in 10 years, 15 years, and 30 years. See also: Serial bond.
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The Eurasian Development Bank (EDB) announces the closure of its offer book for the initial offering of 11 Series bonds for a total of RUB 5 billion on Moscow Exchange.
NOMOSaBANK plans starting to collect orders for MBa5 series bonds on June 24.
The bonds are not cross-collateralized, and therefore, each series has their own corresponding pool of MBS loans as security, however all residual funds remain in the indenture to provide overcollateralization for both series bonds.
31 May 2012 - VTB Capital Finance is to begin collecting bids for its eleventh series bonds worth a total RUB5bn (USD149m/EUR121m) on 1 June 2012, the unit of Russian lender VTB Capital said on Thursday.
5 million, will be used for additions and improvements to the auxiliary enterprise system and will be partially used to refund the 2005A Series Bonds, the release said.
The DuraGrip TPE 6000 and 6300 grades are said to bond well to polypropylene and polyethylene, while the UV-stable DuraGrip TPE 6100 series bonds to engineered thermoplastic materials, including difficult-to-overmold nylon substrates, according to the company.
35 million, will be used to refinance part of PeaceHealth's Western Lane 1994 Series bonds at a lower interest rate.
Obviously, savings bonds and state and local government series bonds are not readily redeemable before maturity.
Proceeds can be invested in certain instruments to avoid classification as arbitrage bonds: * SLGS: State and local government series bonds issued by the Treasury Department to enable issuers to yield restrict their investments and avoid earning arbitrage profits.
PIK Group announces that it has completed the placement of its BO-07 series bonds.
Both the A series and B series bonds are expected to carry coupons of 18%.
The DuraGrip TPE 6000 and 6800 Series are said to bond well to polypropylene and polyethylene, while the DuraGrip 6100 Series bonds to engineered thermoplastic materials.