Extendible Bond

Extendible Bond
   A bond on which terms are reset for a further period beyond the initial maturity date. Typically both the borrower and the investor will have the right to redeem the bonds at these refixings.

Financial and business terms. 2012.

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  • Extendible Bond — ⇡ Anleihe mit dem Recht für den Inhaber, die ursprünglich vereinbarte Laufzeit bei gleichzeitiger Neufestlegung des Couponzinses zu verlängern. Gegensatz: ⇡ Retractible Bond …   Lexikon der Economics

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