Examples of Perpetual Bonds in a sentence
These include: Perpetual Bonds: Perpetual debentures do not have a maturity date, and the coupon payments pay-out depends on the viability of the issuer in the very long term, it may be deferred or even suspended subject to the terms and conditions of the issue.
The bonds that contain the mention “XX” in their denomination are qualified of Perpetual Bonds.
If the Kiwibank Perpetual Bonds held by KCFL are repaid, KCFL will apply the amount received from Kiwibank to repay your Perpetual Capital Notes.
Maintaining a low churn thereby maximizing the strategy returns.o For Debt portion - To predominantly make investments in Non-Convertible Debentures (NCD), Liquid Mutual Funds, Fixed Income securities, InvITs, Perpetual Bonds, etc.
For Perpetual Bonds with single/multiple call option, compute the price for all option dates till the longest point on the base yield curve.
If the said prices are not available, the latest NAV of the Fund will be considered.3.FIXED INCOME/DEBT/BONDS/ STRUCTURED PRODUCTS/MLDInvestment Grade Bonds: All types of G-Sec, SDL, T-Bill, CP, CD, Corporate Bonds, Tax Frees, Taxable Bonds, Preference Shares and Perpetual Bonds will be valued by CRISIL on all working days based on the methodology as detailed in their service contract / presentation.
Some outcomes also depend on choices being made by Kiwibank (for instance, choosing to repay the Kiwibank Perpetual Bonds held by KCFL).
Your Perpetual Capital Notes may be repaid if certain conditions are satisfied, including Kiwibank choosing to repay the Kiwibank Perpetual Bonds held by KCFL, and the RBNZ providing its consent to the repayment.
KCFL will use 100% of the proceeds of the Offer to subscribe for Kiwibank Perpetual Bonds issued by Kiwibank that count as Additional Tier 1 Capital for Kiwibank.
Kiwibank must not provide a loan directly or indirectly to KGHL for the purpose of funding the payment of the Call Price unless the consent of the RBNZ is obtained and the Kiwibank Perpetual Bonds are repaid on or shortly after the Scheduled Call Date.