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 ?
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+.