make-whole

Polish translation: przedterminowy całkowity

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:make-whole
Polish translation:przedterminowy całkowity
Entered by: Monika Kasińska

07:37 Aug 31, 2017
English to Polish translations [PRO]
Bus/Financial - Finance (general) / bonds
English term or phrase: make-whole
The € million of bonds maturing on x, and guaranteed by certain Group subsidiaries, were redeemed early (“make-whole”) on x at x% of the par plus interest accrued at that date, for a total amount of € million.
Monika Kasińska
Poland
Local time: 15:52
przedterminowy całkowity
Explanation:
przedterminowy całkowity (wykup)

czyli w tym przypadku: obligacje wykupione w całości przed terminem
Selected response from:

ewa_el
Poland
Local time: 15:52
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4przedterminowy całkowity
ewa_el
Summary of reference entries provided
What is a 'Make Whole Call (Provision)'
geopiet

Discussion entries: 7





  

Answers


14 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
przedterminowy całkowity


Explanation:
przedterminowy całkowity (wykup)

czyli w tym przypadku: obligacje wykupione w całości przed terminem

Example sentence(s):
  • obligacje serii NAV0216 zostaną w całości wykupione przez Emitenta przed terminem

    https://prawainwestora.pl/tag/wykup-obligacji/
ewa_el
Poland
Local time: 15:52
Works in field
Native speaker of: Native in PolishPolish
PRO pts in category: 136
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Reference comments


2 hrs peer agreement (net): +1
Reference: What is a 'Make Whole Call (Provision)'

Reference information:
A make whole call provision is a type of call provision on a bond allowing the issuer to pay off remaining debt early. The issuer typically has to make a lump sum payment to the investor derived from a formula based on the net present value (NPV) of future coupon payments that will not be paid incrementally because of the call combined with the principal payment the investor would have received at maturity.

BREAKING DOWN 'Make Whole Call (Provision)'
Make whole call provisions are defined in the indenture of a bond. These provisions began to be included in bond indentures in the 1990s. Issuers typically don't expect to have to use this type of call provision, and make whole calls are rarely exercised. However, if the issuer does decide to utilize its make whole call provision on a bond, then investors will be compensated, or made whole, for the remaining payments and principal from the bond as noted within the bond's indenture.


Read more: Make Whole Call (Provision) http://www.investopedia.com/terms/m/make-wholecall.asp#ixzz4...


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Note added at 2 hrs (2017-08-31 09:47:26 GMT)
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The make-whole call
In most cases, during the non-call period, bonds are nevertheless optionally redeemable at the option of the issuer pursuant to a feature known as the “make-whole call.” The make-whole call allows the issuer to redeem bonds during the non-call period at a redemption price equal to the sum of (a) the principal amount of the bonds redeemed plus (b) accrued and unpaid interest to the redemption date plus (c) a “make-whole” premium based on the present value of (i) the redemption premium that would be required to be paid if the bonds were to be redeemed on the first day after the end of the non-call period and (ii) the interest stream that would have accrued between the actual redemption date and the hypothetical future redemption date at the end of the non-call period if the bonds had been permitted to remain outstanding until the end of the non-call period. In order to calculate the make-whole redemption price on any date, you need to know how to calculate both the amount of accrued interest to the redemption date and the make-whole premium. - http://www.wowlw.com/Article/Index/150

geopiet
Native speaker of: Native in PolishPolish
PRO pts in category: 228

Peer comments on this reference comment (and responses from the reference poster)
agree  Frank Szmulowicz, Ph. D.
43 mins
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