Callability definition

Callability. The preferred shares will be callable at issue price plus accrued dividends, if any, on 30 days notice at the option of the Company, at any time. Ranking: The preferred shares will rank senior to all obligations of the Company with a carve-out for a mutually agreeable working capital facility when and if needed.
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Callability means that repayment of principal and accrued interest can be demanded ahead of a debt’s maturity. Confusingly, “call bonds” are bonds which the debtor (rather than the creditor) has the option to “call back” and pay off a debt. For our purposes and general clarity, we use “callability” for the creditor’s right to demand early repayment, and “prepayment” for the debtor’s right to pay a debt early.‌
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Examples of Callability in a sentence

  • In order to provide attractive features to our clients, we offer three key deal points beneficial to issuers: • Callability.

Related to Callability

  • Government of Sudan means the government in Khartoum, Sudan, which is led by the National Congress Party or any successor government formed on or after October 13, 2006, including the coalition National Unity Government agreed upon in the Comprehensive Peace Agreement for Sudan and does not include the regional government of southern Sudan.

  • U.S. Government Obligations means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not callable or redeemable at the issuer’s option.

  • Agency or instrumentality of the government of Venezuela means an agency or instrumentality of a foreign state as defined in section

  • Government of Canada Yield on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such date, the Government of Canada Yield will mean the average of the yields determined by two registered Canadian investment dealers selected by the Corporation, as being the yield to maturity on such date (assuming semi-annual compounding) which a Canadian dollar denominated non-callable Government of Canada bond would carry if issued in Canadian dollars at 100% of its principal amount on such date with a term to maturity of five years.

  • European Government Obligations means direct obligations (or certificates representing an ownership interest in such obligations) of a member state of the European Union (including any agency or instrumentality thereof) for the payment of which the full faith and credit of such government is pledged.