|
|
|
| Definition: |
|
Bonds that are due for redemption only in the case of the borrower’s liquidation. Usually the terms and conditions provide a call option at a premium. The interest rate can be fixed for the whole maturity or only for an initial period (e.g., 10 years). For each subsequent period the interest is reset as provided in the terms and conditions.
|
| Source
Publication: |
|
Coordinated Portfolio Investment Survey Guide, Second Edition, International Monetary Fund, 2002, Washington DC. Appendix VI: Definition and Description of Instruments.
|
| Statistical
Theme: Financial statistics |
| Created
on Thursday, August 1, 2002 |
| Last
updated on Tuesday, March 11, 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
