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 ?
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.
73 times following the successful placement of the company s perpetual debentures at the end of October (based on September financial results notionally adjusted with these proceeds).
V (NYSE: CX) has extended an early tender date for its four separate private offers to exchange CEMEX's currently outstanding perpetual debentures for new senior secured notes to be denominated in USD and EUR.
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.
277% Fixed-to-Floating Rate Callable Perpetual Debentures (ISIN: XS0300179198; Common Code: 030017919) issued by C-10 EUR Capital (SPV) Limited and held by the investor (including accrued interest thereon) for U.
Total debt plus perpetual notes decreased US$1,581 million, reflecting prepayments under the Financing Agreement, a positive conversion effect during the quarter, as well as a reduction in debt resulting from the exchange of a substantial portion of our perpetual debentures for new senior secured notes.