i] = Sinking fund provision
for bond i, measured by a dichotomous variable with i zero indicating no sinking fund provision
and one indicating the presence of a sinking fund provision
Mitchell examines the joint decision to include a call option, a sinking fund provision
or a refunding provision, and the choice of maturity, while Thatcher investigates the decision to issue a two-tiered call option.
The sinking fund provision
requires that XYZ retire $25 million in each of the years 1997 to 2000.
The shares have no stated maturity, sinking fund provision
or mandatory redemption and are not convertible into any other securities of the company.
2, 1997, under the Improvement or Sinking Fund provision
of Alabama Power's Indenture dated Jan.
17, 1995--Alabama Power Company announced today that $20,047,000 principal amount of its 9-1/4 percent series first mortgage bonds due 2021 will be redeemed on January 2, 1996, under the Improvement or Sinking Fund provision
of Alabama Power's Indenture dated January 1, 1942, as amended and supplemented, between the company and Chemical Bank, as Trustee.
The Notes will be issued in denominations of $1,000 and have no sinking fund provisions
Preferred stock may have mandatory sinking fund provisions
, as well as call/redemption provisions prior to maturity, which can be a negative feature when interest rates decline.
The redemption will be made by Deutsche Bank Trust Company Americas, formerly Bankers Trust Company, as trustee pursuant to the sinking fund provisions
of BGE's mortgage.
Financial Derivatives Toolbox: Pricing and sensitivity calculations for sinking fund provisions
, range bonds, and step up/down coupon bonds
They will not be subject to redemption prior to their maturity and will not have the benefit of any sinking fund provisions
s (NYSE:FE) subsidiary, The Toledo Edison Company, pursuant to sinking fund provisions
of its 8% Series First Mortgage Bonds due 2003, will redeem $400,000 of the bonds on November 1, 1999.