redemption premium

Redemption Premium

Money over and above the face value of a callable bond that the issuer pays to bondholders if the bond is called. A callable bond is a bond that the issuer is permitted to redeem or repay before the maturity date, depriving the bondholder of future coupon payments. Usually the issuer does this if it can reissue the same amount of debt at a lower interest rate. The redemption premium exists to compensate bondholders for some of their lost interest payments. It is especially useful if they can only reinvest in securities with a lower return rate. The redemption premium is also called the call premium.

redemption premium

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The proceeds from the offering, if completed, will be used together with amounts received in relation to the settlement of certain forward foreign exchange contracts and cash on balance sheet, to redeem in full 540,000,000 aggregate principal amount of 7% Senior Secured Notes due 2020 issued by Viridian Group FundCo II Limited, the indirect parent of the Issuers, including the payment of the applicable redemption premium and accrued but unpaid interest, pay a dividend in the amount of 60 million to Viridian Topco Limited and pay costs, expenses and fees in connection with the foregoing.
Bondholders that offer to sell before 4pm tomorrow will also receive an early redemption premium of $20 per $1,000 face value, according to a statement from the Ras Al Khaimah government and posted on the website of Nasdaq Dubai last week.
5% senior subordinated notes due in 2005, pay the related redemption premium and repay a portion of its existing bank debt.
Under existing regulations, an unreasonable redemption premium for preferred stock is treated as a dividend distribution on preferred stock, and as such, is taxable under IRC Sees.
00 per share and the required redemption premium of $0.
All funds and securities held in this account are pledged irrevocably to the payment when due of interest on the refunded bonds, the payment of principal and redemption premium upon redemption, and the payment of escrow agent fees.
875% senior notes, pay the associated redemption premium, pay other transaction related fees and expenses, and provide for future corporate needs.
The option price reflects the aggregate of the nominal amount of the REBs, their redemption premium and coupon payments, and all other outstanding amounts.
25% senior notes due 2017 and to pay the related redemption premium and accrued and unpaid interest.
All funds and securities held in this account will be used by the escrow agent for the payment of principal, interest and redemption premium on the refunded bonds, when due at maturity or early scheduled redemption, on July 1, 2012 for the series 2002 bonds and July 1, 2015 for the series 2005 bonds, and escrow agent fees.
25% senior notes due 2017 and to pay the associated redemption premium and accrued and unpaid interest.
5 million principal amount of the notes, accrued interest and an early redemption premium for a total cost of $161.