Series bond

Series bond

Bond that may be issued in several series under the same indenture document.

Series Bond

A single issue of a bond made in two or more tranches. For example, a company may announce that is intends to issue $10,000,000 in bonds in two tranches of $5,000,000. Series bonds are common to collateralized mortgage obligations, which are backed by pools of mortgages. These mortgages are arranged in tranches that mature at different times, for instance, in 10 years, 15 years, and 30 years. See also: Serial bond.
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The company will also place a B series bond with a five-year maturity, which will carry a coupon of 9.
Originally, the bank was guiding investors for the BO-06 series bond towards a coupon of between 9.
The sale of the A series bond will start next month, while the B series securities will offered in June.
The bank will close the book for the seven-year 01 series bond on 1 February, while the issue will take place on 2 February.
However, future series of bonds may be enhanced using either excess cash flow or reserve funds, per each series bond indenture.
The lender, which is a unit of Dutch financial group ING (AMS:INGA), sold in November its second series bond of RUB5bn.
The fourth series bond, due on 8 September 2016, will carry a coupon of 0.
The action is in response to the full redemption of IAPM's A series bond issue, the service specified.
However future series of bonds may be enhanced using either excess cash flow or reserve funds, per each series bond indenture.
The C series bond issue will stipulate the sale of 200,000 bonds with an issue price of UAH1,000 apiece.
The Eurasian Development Bank (EDB) announces the closure of its offer book for the initial offering of 11 Series bonds for a total of RUB 5 billion on Moscow Exchange.
NOMOSaBANK plans starting to collect orders for MBa5 series bonds on June 24.