Series 53: Bond Repurchases

Taken from our Series 53 Online Guide

Bond Repurchases

Bond repurchases come in two basic types, tender options and open market purchases. Tender options allow the investor an opportunity to “tender” or sell the bond to the issuer within a period of time specified by the issuer and at a specified price. The investor must choose between keeping or selling the bond. In contrast, an open market purchase can occur at any time the issuer chooses at a price negotiated by the parties.

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