perpetual bond

(redirected from Perpetual bonds)

Perpetual bond

Nonredeemable bond with no maturity date that pays regular interest rates indefinitely.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Perpetual Bond

A bond in which the issuer does not repay the principal. Rather, a perpetual bond pays the bondholder a fixed coupon as long as he/she holds it. Prices for perpetual bonds vary widely according to long-term interest rates. When interest rates rise, perpetual bonds fall and vice versa. Perpetual bonds are most common in the United Kingdom, where they were used originally to pay for the military.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

perpetual bond

See consol.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Local lender Ahlibank on Sunday announced that it has successfully concluded the issuance of RO20mn additional tier 1 perpetual bonds through private placements, and these bonds are listed on the Muscat Securities Market (MSM).
KUWAIT, May 14 (KUNA) -- Kuwait's Burgan Bank has obtained the approval of the Capital Markets Authority for issuing perpetual bonds valued at USD 500 million.
BBK had issued the perpetual bonds of BD86.098m during 2016, which have been trading on Bahrain Bourse since then.
plans to issue up to $300 million of perpetual bonds to refinance its working capital and for other purposes.
Phoenix Petroleum issuing $300 million perpetual bonds !-- -- Danessa Rivera (The Philippine Star) - March 1, 2019 - 12:00am MANILA, Philippines Independent oil firm Phoenix Petroleum plans to issue up to $300 million perpetual bonds to be listed on the Singapore Stock Exchange.
BANKING AND CREDIT NEWS-November 23, 2018--State Bank of India planning capital raise through perpetual bonds
M2 EQUITYBITES-November 23, 2018--State Bank of India planning capital raise through perpetual bonds
Global Banking News-November 23, 2018--State Bank of India planning capital raise through perpetual bonds
Ahlibank has announced plans to issue additional tier one instruments in the form of perpetual bonds worth OMR 75 million.
This (debt) instrument provides the way forward,' he said, urging all banks to come up with perpetual bonds to raise ADT1 capital.
Perpetual bonds valued at RO50mn will be issued by Oman International Investment and Development Company (Ominvest), a leading investment holding company in the Mena region.