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Bonded indebtedness can be extinguished in several ways: 1) Conversion, where bonds are exchanged for stocks at a preset conversion ratio. 2) Refunding, where one bond issue is exchanged for another, either at maturity, as short-term notes, or before maturity. 3) Mandatory redemption, where the corporation is obligated to redeem bonds on a set timeline. 4) Redemption by solicitation, where the corporation requests bondholders turn in a certain number of bonds. Serial bonds are redeemed by having variou

Author

LeVral Rei Noval

Language

EN