bond sinking fund

Bond Sinking Fund

A fund or account into which an issuer deposits money on a regular basis in order to repay a bond that will come due in the future. For example, if a company issues a bond with a balloon maturity of seven years, one may put money into a bond sinking fund for seven years in order to be ready to pay off the principal when it comes due. Some bonds have sinking fund provisions, requiring the issuer to put money aside to repay bondholders at maturity. See also: Sinking fund call.

bond sinking fund

References in periodicals archive ?
DFG said the increase in the national government's outstanding debt last year was due to the Bond Sinking Fund (BSF) which is only allowed to invest state debt papers.
De Leon said the BTr is discussing the obligations of its 10 market makers, as well as their privileges, which include the access to the bond sinking fund.
GG debt consists of the outstanding obligation of the national government, the Central Bank Board of Liquidators, social security institutions and the local government units (LGUs) minus that held by the Bond Sinking Fund (BSF).
4bn due to the agency's proactive cash and investment management as reflected in the Bond Sinking Fund (BSF) and national government deposits income, as well as dividends on shares of stocks.
to a certain extent by the presence of a bond sinking fund that guards
Surplus tax revenues are deposited in a bond sinking fund, which had $6.
As market makers, National Treasurer Rosalia de Leon said the GSEDs would have the opportunity to access the Bond Sinking Fund.
The general government debt is comprised of the aggregated outstanding liabilities of the national government, the Central Bank Board of Liquidators or CB-BOL, social security institutions and local government units (LGUs) less intra-sector holdings of government securities including those held by the Bond Sinking Fund (BSF)/Securities Stabilization Fund.
Sales tax collections in excess of debt service payments are deposited with the bond trustee into a bond sinking fund.
The general government debt is composed of the aggregated outstanding liabilities of the national government, the Central Bank Board of Liquidators or CB-BOL, social security institutions and local government units (LGUs) less intra-sector holdings of government securities including those held by the Bond Sinking Fund (BSF)/Securities Stabilization Fund.
2 billion rise in outstanding National Government (NG) debt (net of the Bond Sinking Fund holdings).
The general debt covers national government, the borrowings of the Central Bank Board of Liquidators, Social Security Institutions, and Local Government Units less intra-sector debt holdings such as investments of the Bond Sinking Fund and social security institutions in government securities.