Sentences with phrase «premium callables»
Not exact matches
Callable securities: Securities that may be bought back by the issuer before they are due, usually at a premium over the par value.
http://www.securitiesglossary.com/
When rates drop to 6 %, the company calls the bonds, pays each investor his principal and a small call premium, and then issues new callable bonds with a 6 % interest rate.
The takeover premium may push the stock price above the threshold when the warrants become callable at a nominal consideration by the company.