fungible issue

Also found in: Financial.

fungible issue

(Banking & Finance) finance a bond issued by a company on the same terms as a bond previously issued by that company, although the redemption yield will probably be different

References in periodicals archive ?

Unlike interest rate exposures which can be hedged with underlying fixed interest instruments, the essence of real estate is that it is not a fungible issue.

Spotlight on property derivatives; Property derivatives allow investors to get exposure to property returns without buying and selling buildings. The UK is blazing a trail on property derivatives and transactions recently hit pounds 2bn. Knight Frank's Martyn Collins looks at the development of the market two years after the relaxation of tax rules which eased the way for institutions to trade the investment instruments

Ten-year Treasury bonds are currently issued under the fungible issue system to enhance liquidity, while the issuance of bonds with maturities of more than 10 years is being pursued.