put option

Fortunately, a small adjustment, changing the interest rate on the putable debt from fixed to floating, allows the risk signal embedded in the credit spread to be sorted out from the changing value of the put option attached to the subordinated debt.

(19.) Putable advances, which provide the FHLB with an option to require the borrower to repay on prespecified exercise dates before maturity without a fee, made up 16.6 percent of advances.

David, 2001, "Pricing the Strategic Value of Putable Securities in Liquidity Crises", Journal of Financial Economics, 59:63-99

putable preferred stock, which Congress considered to be economically

"A Plan for Reducing Future Deposit Insurance Losses: Putable Subordinated Debt." Federal Reserve Bank of Atlanta ECONOMIC REVIEW 74, no.

(13) "A partial list of major novelties would include, in no particular order: negotiable CDs, Eurodollar accounts, Eurobonds, sushi bonds, floating-rate bonds, putable bonds, zero coupon bonds, stripped bonds, options, financial futures, options on futures, options on indexes, money market funds, cash management accounts, income warrants, collateralized mortgages, home equity loans, currency swaps, floor-ceiling swaps, exchangeable bonds, and on and on.

(formerly Simon DeBartolo Group Inc.)--preferred stock at Baa2; Simon DeBartolo Putable Asset Trust 1996-1--senior notes at Baa1; Shopping Center Associates (SCA)--senior notes at Baa1; and Corporate Property Investors--senior notes at Baa1.

Banks would issue putable subdebt with a par value greater than 4 percent of risk-adjusted assets.

9 Gorton and Pennacchi caution that these institutions may mimic banks in that commercial paper is backed by bank loon commitments, and nonbank lenders often finance their activities by issuing putable bonds.

It is also possible to reduce financing costs by using interest-rate swaps and swaptions to transform callable, putable, floating, and nonconventional debt to other forms of debt (Goodman, 1993).

(3.) For example, MTNs have been callable, putable, and extendible; they have had zero coupons, step-down or step-up coupons, or inverse floating rates; and they have been foreign currency denominated or indexed, and commodity indexed.

Liquidity Under Pressure: The company had CNY10.8 billion in short-term borrowings as of end-May 2018, including CNY6.3 billion in bonds (including CNY4.3 billion in putable bonds), compared with CNY14.1 billion of short-term borrowings at end-1Q18.

We also exclude bonds with embedded options (e.g., callable, putable, convertible, and sinking-fund bonds), as well as bonds without a fixed cash coupon rate (e.g., floater, step-up coupons, and pay-in-kind coupons).

corporations have issued more than $45 billion in "synthetic putable" debt since 1996.