first call date
first date specified in the indenture of a corporate or municipal bond contract on which part or all of the bond may be redeemed at a set price. An XYZ bond due in 2030, for instance, may have a first call date of May 1, 2013.
FIRST CALL DATE - A date stated in an indenture, that is the first date on which the issuer may redeem ...
FIRST COUPON BEGIN AND END - The program uses the Issue Date and Settlement Date in conjunction with th...
first call date The earliest date on which a security can be called.
first mortgage bond A senior mortgage bond.
first notice date The first date on which notice of delivery on a futures contract can be given to the exchange.
First Call Date
First date on which part or all of a bond may be redeemed, or called, by the issuer, at a prespecified price. The first call date is specified in the bond's indenture.
First Call Date - Earliest date a security may be called or redeemed (bought back) by its issuer; usually refers to corporate and municipal bonds.
First Call Date (finance term)
Factors of Production
Soil Conservation
Yield to maturity ...
Advance refunding In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded).
first call date The first date on which a callable bond may be redeemed, specified in its indenture. First In First Out Abbreviated as FIFO, refers to a method of valuing the cost of goods sold that...
A financing structure under which new bonds are issued to repay an outstanding bond issue prior to its first call date. Generally, the proceeds of the new issue are invested in government securities, which are placed in escrow.
The escrow may be held until the first call date or maturity of the initial bond issue. If the escrowed funds retire the original issue at the first call date then the issue is pre-refunded.
In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded).
For example, the first call date may coincide with an interest payment date and the conversion rights may expire just before the interest payment date.
Yield to Call
Yield on a bond which will be called by the issuer at the first call date. Important for corporate bonds.
Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs.
Present value factor ...
Prerefunding
Definition: [crh] Procedure of floating a second bond at a lower interest rate in order to pay off the first Definition: d"bond at the first call date and to reduce overall borrowing costs.
Municipality issued bonds issued intended to gain an interest rate advantage by refunding a higher-rate bond in ahead of their call date. Lower-rate refunding issue proceeds are invested in Treasuries until the first call date of the higher-rate ...
bond issuer to redeem the bond at any date in which interest is set to be paid. An any-interest-date call provision does not necessarily require the bond issuer to pay a premium, but often does require the issuer to wait until the first call date has ...
The escrowed funds may provide debt service until maturity of the original issue (escrowed to maturity) or until the first call date (pre-refunded to the call). Also known as defeasance. See: Defeased Bonds.
pre-refunding/advanced refunding A procedure, in which a bond insurer floats (issues) a longer-maturity bond in order to pay off an earlier bond at the first call date (prior to maturity) in order to take advantage of a fall in interest rates.
 See also: First call, Call date, Funding, Banks, Acquisitions
  
|
RSS
