Non-Callable Bond

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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 ?
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.
The value of discount and non-callable bonds typically rises more rapidly than other bonds when interest rates decline.
The investment grade portion of the fund is invested primarily in non-callable bonds in the cable/media, industrial, bank and finance sectors.

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