Series HH bond

Series HH bond

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.
References in periodicals archive ?
The interest can be deferred beyond the bond's maturity if exchanged for a Series HH bond.
After conversion, they will receive semi-annual interest payments from the Series HH bonds, which must be included on their returns.
More information about Series HH bonds and the exchange transaction can be found on the Bureau's website, http://www.
Series HH bonds are current-income securities that do not increase in value.
When Series HH bonds are issued, the rate is fixed and can be reset every 10 years.
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.
The fiscal 2011 series HH bonds are scheduled for negotiated sale the week of June 13.
89% of principal amount and all outstanding Series HH Bonds on February 1, 1997 at the redemption price of 107.
The series HH bonds rank on parity with first lien, $201.
0 million Taxable Student Loan Revenue Bonds, Senior Series HH Bonds are rated "AAA" by Fitch.
250% < 13,660,000 Partial < < < 24,035,000 < < < Series HH Bonds 7/1/2008 < < 4.
The Series HH bonds are being offered to the public at 99.