Non-Callable Bond

Non-Callable Bond

A bond whose holder is not permitted to exchange it with the issuer in return for its face value. Non-callable bonds may be either traded or held to maturity. A non-callable bond should not be confused with a nonnegotiable security.
References in periodicals archive ?
TVA's 10-year, non-callable bond issue was priced with a coupon of 6 3/8 percent interest for a yield of 6.
At the same time, investors may have an opportunity to convert their 10-year callable bond into a non-callable bond by buying the call provision, if and when offered, at some point in the future.
These non-callable bonds are available in minimum denominations of $1,000.
They use a theoretical, tax-timed, bond-pricing model and show that a comparison of callable bonds with non-callable bonds that mature on the first call date provides a valuation for an implied put option.
2 million of non-callable bonds will remain outstanding after this refunding.
These non-callable bonds, available in minimum denominations of $1,000, are rated triple-A by Moody's and Standard & Poor's.
The non-callable bonds are being sold competitively June 18 and are due July 1, 2003-13.
These non-callable bonds mature in 2030 and are triple-A rated by Moody's and Standard & Poor's.
These non-callable bonds will be due July 15, 2004-2011 and will be dated the expected date of delivery which is expected to be April 17, 2003.
Due to the premium associated with repurchasing these non-callable bonds, the company will take a one-time charge, after tax, of approximately $6.
Management noted that due to the premium associated with repurchasing these non-callable bonds, the company will take a one-time charge of approximately $13.
The Agency index will include only non-callable bonds from Fannie Mae (FNMA), Freddie Mac (FHLMC), Federal Home Loan Bank (FHLB), Federal Farm Credit Bureau (FFCB) and Tennessee Valley Authority (TVA) government agencies.

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