Series HH savings bond

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Series HH Savings Bond

In the United States, a formerly-issued savings bond, exempt from state and local taxes, with an interest rate fixed for 10 years. These bonds paid par upon maturity, which was 20 years after issue. They were non-transferable and must either have been held or redeemed. Very often, the interest rate dropped to 1.5% after 10 years, which rarely kept pace with inflation. Series HH bonds were discontinued in 2004. See also: Series H bond.

Series HH savings bond

A U.S. Treasury obligation issued in multiples of $500 that pays interest every six months. The security has a maturity of ten years but may be redeemed after being held six months. This security has not been as popular as the Series EE bond. Now it may be obtained only by swapping the Series EE at its maturity.
References in periodicals archive ?
Another viable option is to convert Series EE or I savings bonds into Series HH savings bonds, which pay interest every six months.
18 /PRNewswire/ -- The Bureau of the Public Debt announced today that Series HH Savings Bonds would no longer be offered to the public after August 31, 2004.
Series HH bonds are current-income securities that do not increase in value.
Treasury's savings bond offerings today consist of series EE bonds, the interest earnings on which accrue until the bond matures or is redeemed, and series HH bonds, which are obtained in exchange for series E or series EE bonds and pay interest twice per year, via ACH, to the owner's designated depository institution.
Series PT-4705: New York City Municipal Water Finance Authority, water and sewer system second general resolution revenue bonds, fiscal 2011 series HH (rated 'AA+'; Stable Outlook).
00 million taxable student loan revenue bonds, senior series HH at "AAA" and the $7.
There are two kinds, the Series EE and the Series HH.
The fiscal 2011 series HH bonds are scheduled for negotiated sale the week of June 13.
The interest can be deferred beyond the bond's maturity if exchanged for a Series HH bond.
After the issuance of the Series HH and Series II Bonds, CPL has $35 million remaining on its shelf registration statement.
NEW YORK -- Fitch Ratings assigns an 'AA' rating to Platte River Power Authority's (PRPA) $120 million series HH power revenue bonds.
20 /PRNewswire/ -- The First Boston Corporation and associates announced today the public offering of $150 million of Public Service Electric and Gas Company, first and refunding mortgage bonds, 8-3/4 percent series HH due Feb.