redemption price

Redemption price

Redemption Price

The price at which a bond may be repurchased by the issuer before maturity. The price is set at the time of the issue. Redemption prices are set to reduce the issuer's risk of default; that is, the issuer may have a concern that it will not be able to make all coupon payments and redemptions at maturity and may cut its losses by redeeming at the redemption price. One may refer to the redemption price as the call price.

redemption price

1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share.
2. See call price.
References in periodicals archive ?
today announced that it has issued a notice of redemption announcing the redemption price for all of its outstanding $84,396,000 aggregate principal amount of 8.
at the Redemption Price plus any accrued and unpaid interest to the Redemption
has called for the redemption of the Company's remaining outstanding 7 5/ 8% Series A convertible cumulative preferred stock on October 15, 2004, at a redemption price of $25.
The record date for determining the holders entitled to receive the redemption price for each series to be redeemed has been set at January 5, 1999, and the stock transfer books for the series to be redeemed will be closed at the close of business on that date.
The employer also may guarantee the plan participants will receive at least the redemption price of the preferred stock when they leave the company.
60 Series (CUSIP 98389B209), at a redemption price of $103.
TELUS announced today that it has determined the redemption price for its $500 million 5.
1, 2002 at a redemption price of 101 1/2%, $11,100,000 bonds maturing Jan.
Company") announced today the determination of the redemption price for its 5.
Ernst & Young has verified the mathematical accuracy of the computations showing that the escrowed securities plus a small initial cash deposit will be sufficient to pay interest, principal and the redemption price of the refunded bonds to their respective call dates.
The redemption price is par plus 1% premium, plus accrued interest through the redemption date or $1,040.