bullet bond

Bullet Bond

A bond with no special features that cannot be redeemed prematurely. That is, the bullet bond repays the entire principal at maturity and at no other time. It is also called a virgin bond. See also: Bullet.

bullet bond

A bond that is noncallable.
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The bond offering consists of two senior secured bond tranches: an $837 million, 12-year bullet bond tranche (Series A) and a $2,200 million, 30-year fully amortising bond tranche (Series B).
The bond offering consists of two senior secured bond tranches: a $837 million, 12-year bullet bond tranche (Series A) and a $2,200 million, 30-year fully amortizing bond tranche (Series B).
The bond, that was offered in two tranches, consisted of $837 million 12-year bullet bond, and $2.2 billion, 30 year bond with a coupon rate of 3.65 per cent and 4.6 per cent respectively.
Summary: The $1 billion bullet bond was raised in 2011 to address Emirates' working capital requirements
The strength of the project's economics is testified by a debt service coverage ratio (DSCR) of 9.72x for the 12 months ending 31 March 2013, when RasGas's total debt service expense totaled around $ 1.5 billion (including the Series E $ 500 million bullet bond repayment plus associated sponsor co-lending).
The standard approach to bond cash flow modeling is the so-called straight bullet bond. It is a fixed interest bond with no option clauses, with interest paid periodically, repurchased through a one-time payment of the nominal bond value made on the maturity date.
Refinancing risk related to the 2021 bullet bond and associated shareholder debt is largely addressed by a sinking fund which traps 100 per cent of the refinancing requirement in Fitch's base case.
The bullet bond issue will have a 4.25% coupon and mature in 2053.
"The strength of the project's economics is testified by a debt service coverage ratio (DSCR) of 9.72x for the 12 months ending 31 March 2013, when RasGas' total debt service expense totalled around USD1.5bn (including the Series E USD500m bullet bond repayment plus associated sponsor co-lending).