Debt Capital Markets · glossary

Par call

Valkenrade’s right to repay all or some of the Notes at par, with interest, from 15 June 2033. The three months before maturity give it time to raise new money and repay at once. Holders give up at most three months’ interest. Condition 6.4 · Chapter 4 · see Make-whole call

Explained in Chapter 4, Redemption: Maturity, Early Calls and the Change of Control Put, of Debt Capital Markets.

How it comes up, in Chapter 4
The par call lets Valkenrade repay at par during the last three months before maturity…
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