perpetual bond

(redirected from perpetual debenture)
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Perpetual bond

Nonredeemable bond with no maturity date that pays regular interest rates indefinitely.

Perpetual Bond

A bond in which the issuer does not repay the principal. Rather, a perpetual bond pays the bondholder a fixed coupon as long as he/she holds it. Prices for perpetual bonds vary widely according to long-term interest rates. When interest rates rise, perpetual bonds fall and vice versa. Perpetual bonds are most common in the United Kingdom, where they were used originally to pay for the military.

perpetual bond

See consol.
References in periodicals archive ?
Recent market activity has weakened the perpetual debenture securities' valuation over recent months.
The perpetual debenture portfolio is largely invested in European banks, some of whom have been under considerable financial stress.
Eligible holders of the perpetual debentures who properly tender their perpetual debentures by the second revised early tender date will receive an additional fee of USD30 payable in additional principal amount of new senior secured notes per USD1,000 of principal amount tendered for the USD--denominated perpetual debentures, and USD30 payable in additional principal amount of new senior secured notes per EUR1,000 of principal amount tendered for the Euro-denominated perpetual debentures.
The issue size, although originally targeted at THB 10,000 million, was upsized to THB 15,000 million, the largest ever issue of corporate perpetual debentures in Thailand, to accommodate excess demand from investors with an over-subscription of around 1.
75% Notes due 2014 (the "Eurobonds") and outstanding series of Perpetual Debentures for new senior secured notes to be denominated in Dollars or in Euros.
196% Fixed-to-Floating Rate Callable Perpetual Debentures issued by C5 Capital (SPV) Limited, at U.
euro]147 million of Perpetual Debentures issued by a special purpose vehicle
Net debt does not include the perpetual debentures.
437 million during the current quarter, as a result of the recently completed exchange of the company's outstanding perpetual debentures for U.
NYSE: CX), announced today the results of its four separate private offers to exchange CEMEX's currently outstanding perpetual debentures for new senior secured notes to be denominated in Dollars and Euros (the "New Senior Secured Notes").
NYSE: CX), announced today the extension of the expiration date for its four separate private offers to exchange CEMEX's currently outstanding Perpetual Debentures for new senior secured notes to be denominated in Dollars and Euros (the "New Senior Secured Notes") until 11:59 p.
NYSE: CX), announced today the extension of the early tender date for its four separate private offers to exchange CEMEX's currently outstanding Perpetual Debentures for new senior secured notes to be denominated in Dollars and Euros (the "New Senior Secured Notes") until 11:59 p.