i] = Sinking fund provision
for bond i, measured by a dichotomous variable with i zero indicating no sinking fund provision
and one indicating the presence of a sinking fund provision
Mitchell examines the joint decision to include a call option, a sinking fund provision
or a refunding provision, and the choice of maturity, while Thatcher investigates the decision to issue a two-tiered call option.
The sinking fund provision
requires that XYZ retire $25 million in each of the years 1997 to 2000.
The shares have no stated maturity, sinking fund provision
or mandatory redemption and are not convertible into any other securities of the company.
2, 1997, under the Improvement or Sinking Fund provision
of Alabama Power's Indenture dated Jan.
17, 1995--Alabama Power Company announced today that $20,047,000 principal amount of its 9-1/4 percent series first mortgage bonds due 2021 will be redeemed on January 2, 1996, under the Improvement or Sinking Fund provision
of Alabama Power's Indenture dated January 1, 1942, as amended and supplemented, between the company and Chemical Bank, as Trustee.
8bn) loan to Bank of Moscow, which was utilised the next day for the purchase of RUB295bn in government bonds, placed by the country's finance ministry with sinking fund provisions
for the purpose of the bailout.
Other data components summarize call features, mandatory and optional redemption provisions including designated and risk events holders repayment options, liquidation and exercise rights, covenants for exchange and conversion, and sinking fund provisions
Preferred stock may have mandatory sinking fund provisions
, as well as call/redemption provisions prior to maturity, which can be a negative feature when interest rates decline.
Financial Derivatives Toolbox: Pricing and sensitivity calculations for sinking fund provisions
, range bonds, and step up/down coupon bonds
They will not be subject to redemption prior to their maturity and will not have the benefit of any sinking fund provisions
s (NYSE:FE) subsidiary, The Toledo Edison Company, pursuant to sinking fund provisions
of its 8% Series First Mortgage Bonds due 2003, will redeem $400,000 of the bonds on November 1, 1999.