perpetual debenture


Also found in: Financial.

perpetual debenture

n
(Stock Exchange) a bond or debenture that can either never be redeemed or cannot be redeemed on demand
References in periodicals archive ?
6 /PRNewswire-FirstCall/ -- Aflac Incorporated announced today that it is providing expanded detail on its holdings of perpetual debenture securities at aflac.
At the end of 2008, 92% of the company's total perpetual debenture securities were rated A or higher.
With no pronouncement forthcoming from the FASB, we continued to apply our debt impairment model to the perpetual debenture investments as of December 31, 2008.
Fitch also assigned a 'BB-' rating to its Perpetual Debenture issued by BRMALLS International Finance and fully guaranteed by BR MALLS.
Today's rating action reflects Fitch's heightened concerned related to potential impairments within Aflac's sizable financial institution perpetual debenture asset portfolio.
9 billion invested in perpetual debenture assets (mostly in financial institutions), which is a significant exposure relative to $6.
Based on the structure of IVL s perpetual debentures, the debentures were rated A- by TRIS Rating, a local credit rating agency, while IVL has a company rating of A+.
Approximately 48% of outstanding Perpetual Debentures exchanged into new senior secured notes maturing in 2019, resulting in a reduction of CEMEX's overall indebtedness (including Perpetual Debentures) of approximately U.
277% Fixed-to-Floating Rate Callable Perpetual Debentures who elected to receive such notes will be calculated at an exchange rate of U.
75% Notes due 2014 ("Eurobonds") and outstanding series of Perpetual Debentures for new senior secured notes to be denominated in Dollars or in Euros.
479% fixed/floating subordinated rate perpetual debentures, callable in 2017 -- to "bbb+" from "a" on EUR 1,275 million 5.