Asked in Investing and Financial MarketsBonds and TreasuriesDebentures
What are Redeemable debentures?
January 28, 2009 7:54AM
Redeemable debentures are those securities which are to be repaid within a stipulated period / maturity period. For instance, X co issued 9% 7 years $ 1000 Debentures. This issue of debentures has coupon rate of 9% per year and redeemable period of 7 years. The amount raised by issuing thses debentures are to be repaid within 7 years from now.