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repackaged perpetual debt


'repackaged perpetual debt' can also refer to...

 

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*Perpetual debt that carries a high rate of interest for a number of years and then bears no further interest (or only a nominal amount). The value of the debt is therefore negligible and the issuer will normally transfer it to a friendly third party so that it can be redeemed for a token amount.

Subjects: Accounting.


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