optional call

Optional Call

The ability of a bond issuer to redeem (or call) the bond before maturity. The optional call usually gives bondholders a premium to par to compensate them for lost coupon payments. Most callable bonds have a certain amount of time that must elapse before the issuer may exercise the optional call. See also: Doomsday call.

optional call

The call of a bond by an issuer who wishes to terminate a loan, generally because interest rates have declined since the time of issuance. Optional calls are frequently made at prices slightly higher than par value. Some bond issues are not subject to call; most issues provide a period of years after issuance during which optional calls are prohibited. See also call protection.
References in periodicals archive ?
E-SoftSys, a technology leader for the self-storage industry, offers products and services that include; Self Storage Manager - Comprehensive management software for single and multi-facility operators; Online Reservations and Rentals with Electronic Signature & Digital Storage of leases; e-CRM - Fully integrated Customer Relationship Management module with interfaces to leading phone systems, Constant Contact, Truck Reservations and with an optional Call Tracker module to capture valuable statistics including lead to rental conversion ratios, cost per lead etc.
Subject of procurement procedure is to award two adjacent existing framework agreements with each of the same operators for the purchase of operations control and communication system (elkos) for the austrian security police (nationwide) and an operations control and communication system (elkos) for firefighting organizations in lower austria on a common infrastructure, including optional call option related hardware.
The notes, which will qualify as tier-II capital under Basel III standards, and have a maturity of 10 years with an optional call at year five, will pay a non-deferrable coupon of 7.
If you are interested in joining this optional call, please register on or before September 18 in order to obtain the access code.
The software then automatically sends the booking to the taxi and, as the taxi arrives at the destination, the driver presses a button on the dashboard console that alerts to the main system and triggers an automatic, optional call to the customer saying that the taxi is outside.
Management also indicated it has no plans for additional debt, and expects to refund the series 2010 bonds by their first optional call date of Aug.
The 181st Series, with a make whole optional call provision, was issued with an annual interest rate of 4.
The loan for Avalon Oaks West will be split following the refunding between the RHMRB and housing bond resolution as it was originally funded from two series and one of those series (equal to approximately 10% of the loan) is not subject to optional call at this time.
For organizations with contact centers or call center needs, SigProvider's optional call center software solution adds call queue support to the PBX offering for individual customers.
61 **Year of first optional call date or maturity if non-callable.
The 2005 series A bonds will be due May 15, 2006 and 2009-2023; optional call details are yet to be determined.