UK Accounting Glossary
Bonds that mature in instalments, rather than on one maturity date.
Serial Bonds are bonds that mature in instalments rather than on a single maturity date.
Serial bonds (also known as instalment bonds) refers to a type of bond that matures in portions over several different dates. Instead of facing a large lump-sum principal re-payment at maturity, an issuer can opt to spread the principal repayment over several periods.
The city issued 10-year, five percent serial bonds to this amount.
The yields from serial bonds ranged from 5.20 percent in 2000 to 6.20 percent in 2016.
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This glossary post was last updated: 4th May 2019.