Stated maturity

Stated maturity

For the CMO tranche, the date the last payment would occur at zero CPR.
References in periodicals archive ?
The provisional rating on the Class A-1 Notes and new rating on the Class A-2 Notes address the timely payment of interest (excluding the additional interest payable at the Post-Default Rate, as defined in the NPSA referred to above) and the ultimate payment of principal on or before the Stated Maturity of August 30, 2029.
The Notes bear interest at a fixed interest rate of 4.21% per annum and have a stated maturity date of September 15, 2027.
Fitch's rating of the ESN addresses the likelihood of ultimate repayment of the initial balance by their stated maturity date in September 2065.
Insurance-linked securities essentially are debt-like instruments with stated maturity and terms.
A target maturity ETF's portfolio contains fixed income securities that mature throughout its stated maturity year.
The notes may be converted at the option of holders into its common shares at any time prior to the close of business on the business day immediately preceding the stated maturity date of the notes.
The Sukuk was the GCC's first perpetual bond with no stated maturity.
The proceeds of the sukuk will be used to partly refinance JAFZA's outstanding 7.5 billion dirhams ($2bn) sukuk due for redemption in November 2012, ahead of the stated maturity.
"The proceeds of the sukuk will be used to partly refinance Jafz's outstanding Dh7.5 billion sukuk due November 2012, ahead of the stated maturity. Jafz will also contribute proceeds of Dh4.4 billion bank facility and its own cash sources towards the redemption," according to the statement.
(2) If the bond or note was originally issued at a discount (that is, at a price below the stated maturity, or face amount) after July 1, 1982, any holder who did not pay more than the face value of the obligation must include in income each year a daily share of the "original issue discount" as discussed in Q 7737.
CMOs can be complex and difficult to understand for investors who are accustomed to purchasing fixed-income securities with stated maturity dates.
For a significant minority of loans that have no stated maturity, we impute maturity as the time until the interest is first compounded or paid.