fungible issue


Also found in: Financial.

fungible issue

n
(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. Therefore it is impossible to create direct hedges on a scale that will support the growth of a market comparable to the interest rate model.
Spotlight on property derivatives
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.
Boosting asset management with the establishment of KIC
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