Bonds and Bullets
But what is a bullet issue?
Well a bullet issue is one that has a single redemption date, and is therefore quite clear and simple in this regard.
There has in fact been a shift away from unorthodox patterns when it comes to bonds, and thus whilst there are other repayment schemes these are not seen as ofte now.
This is partly because of the complications that are introduced when things like early redemption possibilities come into the equation, however for completeness the next article will look at other redemption types.
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