Mandatory Redemption Schedule


DEFINITION of 'Mandatory Redemption Schedule'

Specified dates when a bond issuer is required to redeem all or a portion of the outstanding issues of a bond prior to its maturity. The issuer might be required to redeem all or a portion of the bonds according to the call or prepayment provisions of the of the bond contract.

BREAKING DOWN 'Mandatory Redemption Schedule'

Some types of mandatory redemptions occur either on a scheduled basis, or when a specified amount of money is available in the sinking fund. Bonds may be redeemed at a specified price, usually at par, and the bondholder will receive any accrued interest to the redemption date.

  1. Mandatorily Redeemable Shares

    Shares owned by an individual or entity which are required to ...
  2. Issuer

    A legal entity that develops, registers and sells securities ...
  3. Prepayment

    The satisfaction of a debt or installment payment before its ...
  4. Redemption

    The return of an investor's principal in a fixed income security, ...
  5. Sinking Fund

    A means of repaying funds that were borrowed through a bond issue. ...
  6. Extraordinary Redemption

    A provision that gives a bond issuer the right to call its bonds ...
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