redemption date

(redirected from Date of Redemption)

Redemption date

The date on which a bond matures or is redeemed.

Redemption Date

The date on which a bond's face value is repaid to bondholders. Generally speaking, this is the maturity date, but in cases of a callable bond it may be the call date.

redemption date

The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date.

redemption date

or

maturity date

the repayment date of a REDEEMABLE FINANCIAL SECURITY.
References in periodicals archive ?
In accordance with the terms and conditions set forth in the Indenture and the Notes, the Notes will be redeemed at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate (as defined in the Notes) plus 20 basis points, plus, in either case, accrued but unpaid interest on the principal amount being redeemed to the Redemption Date.
Substantially concurrently with Charter's consummation of the Tender Offer, Charter has irrevocably called for redemption all of the Notes that were not tendered pursuant to the Tender Offer and remain outstanding after the Expiration Time, on May 21, 2015, at the redemption price of USD1,036.25 for every USD1,000 principal amount of 2017 Notes and USD1,040.63 for every USD1,000 principal amount of 2020 Notes redeemed, in each case, plus accrued and unpaid interest to, but not including, the date of redemption. Following the redemption, no principal amount of Notes will remain outstanding.
On and after the date of redemption, interest on the 5.50% notes will cease to accrue.
The redemption price will be 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption, Fannie Mae said.
US steel producer Steel Dynamics (NASDAQ/GS: STLD) reported on Friday that it will redeem all of its outstanding 75/8% USD350m senior notes due 2020 for cash under the redemption provisions of the indenture at a price of 103.813%, plus accrued and unpaid interest to, but not including, 16 March 2015, the date of redemption.
Additionally, the company said that the accrued dividends will be from 1 July 2012 till the date of redemption and also mentioned that the total redemption amount to be paid to all holders of the depositary shares is USD132.5m prior to the accrued dividends.
Additionally, the company mentioned that the stock will be redeemed at USD25 per depositary share and paid together with accrued dividends from 1 July 2012 till the date of redemption and also that the total redemption amount before payment of accrued dividends that will be paid to all holders of the depositary shares is USD110.6m.
The redemption price will be 100% of the principal amount plus any accrued and unpaid interest to the date of redemption, Alabama Power said.
Real estate trust Public Storage (NYSE:PSA) said on Monday that it plans to redeem all outstanding depositary shares representing interests in its 6.60% cumulative preferred shares, Series C (NYSE:PSAPrC) plus accrued dividends from 1 July 2012 through the date of redemption.
The company said that the date for the partial redemption is 20 June 2012 and the redemption price will be 100% of the principal amount thereof (USD25 per senior note), plus accrued and unpaid interest to the date of redemption.
Additionally, the company said that the redemption amount includes accrued dividends from 1 January 2012 until the date of redemption and the total redemption amount of USD8.8m prior to payment of the accrued dividends will be be paid to all shareholders.