Registered bond

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Registered bond

A bond whose issuer records ownership and interest payments. Differs from a bearer bond, which is traded without record of ownership and whose possession is the only evidence of ownership.

registered bond

Registered bond.

When a bond is registered, the name of the owner and the particulars of the bond are recorded by the issuer or the issuer's agent.

When registered bonds are issued in certificate form, a bond can be sold only if the owner endorses the certificate, or signs it over to someone else. In contrast, bearer bonds are considered the property of whoever holds them, since there is no record of ownership.

Currently, however, most bonds are registered electronically, so there are no certificates to endorse. Instead, you authorize the transaction over the phone or by computer.

References in periodicals archive ?
However, changing the record of ownership of a registered bond was a time-consuming process, and the Treasury did not allow transfers during the thirty days preceding an interest payment.
Ownership of registered bonds is on file with the issuing company, and owners receive their interest directly from the company.
PEFINDO affirmed the ratings of PT Adhi Karya (Persero) Tbk (ADHI)'s registered bonds phase I/2012 and phase II/2013 at "idA" and shelf-registered Sukuk Mudharabah phase I/2012 and phase II/2013 at "idA(sy)"; the outlook for the corporate rating is "stable".
The city of Graz plans in April 2016 financing in the form of promissory notes, registered bonds in the amount of 30, 000 000 EUR, divided into individual tranches of 5 000 000 EUR, to take.
26,325,000 of the corporation~s school building revenue refunding bonds, series 2016, dated March 1, 2016, each being fully registered bonds in denominations in multiples of $5,000.
Global law firm White & Case LLP has advised a consortium of banks that included Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs International, Santander GBM and Societe Generale Corporate & Investment Banking on the issuance by PZU Finance AB (publ) of registered bonds of a total nominal value of 350 million.
The Azerbaijan Mortgage Fund under the Central Bank begins selling the 8th issue of its book-entry, secured, registered bonds.

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