the "Company") today announced that the Company has fully redeemed its 12% Sinking Fund Bonds
due December 31, 2007, which had an outstanding principal balance of $9,036,000, at their regular redemption price of 102% of par ($1,020.
Conventional sinking fund bonds
typically make annual sinking fund payments, which commence after some grace period: |Mathematical Expression Omitted~ during the grace period; |Mathematical Expression Omitted~, a positive constant, on each sinking fund date, with a balloon payment |Mathematical Expression Omitted~ (with S* possibly equal to S) on the maturity date; and |Mathematical Expression Omitted~ for all other dates.
Norman Swanton, the Chairman and Chief Executive Officer of the Company noted that "the retirement and redemption of both our outstanding 12% Sinking Fund Convertible Bonds due 2017 and our outstanding 12% Sinking Fund Bonds
due 2007, having a combined outstanding balance of $14.
3) This paper studies sinking fund bonds
when an issuer has bought some of its own bonds in anticipation of future sinking fund requirements.
441 per cent First Mortgage Sinking Fund Bonds
, due August 15, 2035.
today announced that the company has elected to fully redeem before maturity its 12% Sinking Fund Bonds
due December 31, 2007, at their regular redemption price of 102% of the principal amount thereof ($1,020.
15, 2002-2019 with $3,475,000 special sinking fund bonds
15, 1999-2015 with special sinking fund bonds
15, 2024 and special sinking fund bonds
of $12,000,000 due Oct.
15, 1999-2021, with $4,500,000 special sinking fund bonds
due $1,500,000 each on Oct.
17 /PRNewswire/ -- Baltimore Gas and Electric Company (NYSE: BGE) announced today the redemption of all $29,916,000 principal amount outstanding 4-1/2 percent Series due 1994 First Refunding Mortgage Sinking Fund Bonds
18 /PRNewswire/ -- Kramer, Levin, Naftalis, Nessen, Kamin & Frankel announced today on behalf of certain holders of 9-3/8 percent sinking fund bonds