Understanding Perpetual Debentures: A Beginner’s Guide
What Are Perpetual Debentures? A perpetual debenture is a fixed-income security that does not have a maturity date. Unlike conventional bonds that mature after a specified period, perpetual debentures pay interest indefinitely. Investors receive periodic interest payments, often called coupons, while the principal remains unpaid. These debentures provide a steady income stream and are often […]
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