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It generally specifies the date of redemption, repayment of principal and interest on specified dates.
In respect of convertible debt, details of the date of redemption and the amount payable on redemption should be disclosed.
The shares will be redeemed at the sinking fund redemption price of $25 a share plus accrued dividends to the date of redemption.
As the war progressed, however, confidence in the ultimate success waned, the amount of paper money increased, and their dates of redemption were extended further into the future.
Promissory notes are very similar to bonds, because they detailed the amount of debt, date of issue, date of redemption, form or repayment and an interest rate.
LEAD: Debt Debt * BCI Holdings Corp. plans to redeem all $526 million of its outstanding 15 1/4 percent junior subordinated exchange debentures due in 2002 at a price of 100 percent of the principal amount in addition to accrued interest to the date of redemption.
