Bonds and Bullets

Bullet form is the most popular type of issue there is when it comes to the bond market.

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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