New Hampshire Investment — Grade Bond Optional Redemption (with a Par Call) refers to a financial instrument offered by the state of New Hampshire, specifically its government or any other local or state organization, that allows investors to purchase bonds with the option of redeeming them before maturity at par value. These investment-grade bonds provide a safe and secure investment option with a higher credit rating, indicating a lower risk of default, compared to lower-grade or speculative bonds. By opting for an investment-grade bond, investors can have peace of mind knowing that the issuer has a strong financial standing. The optional redemption feature allows bondholders to redeem the bonds at their par value, typically after a specified period of time. This provision gives investors the flexibility to exit their investment early, should market conditions or their personal financial requirements change. It provides investors with an opportunity to liquidate their investment and secure their principal amount. In case of an optional redemption, the issuer pays the bondholder the principal amount at the price initially paid. Different types of New Hampshire Investment — Grade Bond Optional Redemption (with a Par Call) may include: 1. Municipal Bonds: These bonds are issued by local government bodies, such as cities or counties within New Hampshire. Municipal bonds are often used to fund public projects like infrastructure development or schools. 2. State Bonds: These bonds are issued by the state of New Hampshire and are typically used to fund projects at a state level, such as transportation infrastructure, healthcare facilities, or environmental initiatives. 3. Revenue Bonds: These bonds are backed by specific revenue streams, such as toll collections, parking fees, or utility payments. The revenue generated from these sources is used to repay bondholders. 4. General Obligation Bonds: These bonds are backed by the full faith and credit of the state or municipality issuing them. They are not tied to any specific revenue source but rely on the issuer's ability to collect taxes or raise funds through other means. Investors interested in New Hampshire Investment — Grade Bond Optional Redemption (with a Par Call) should consider factors such as the issuer's creditworthiness, interest rates, and financial objectives when making investment decisions. Consulting with a financial advisor or conducting thorough research is advisable before investing in any specific bond offering.
New Hampshire Investment - Grade Bond Optional Redemption (with a Par Call)
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Optional Redemption On or after the Par Call Date, the Company may redeem the notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date.
Example AccountTypeTo IncreasePremium on Bonds PayableContra liabilitycreditInterest ExpenseExpensedebitGain on Redemption of BondsRevenuecreditLoss on Redemption of BondsExpensedebit2 more rows ?
Journalizing Early Redemption Debit: Bonds payable by the portion of the face value being redeemed. Credit: Cash for the bond payable amount multiplied by the callable rate. Debit/Credit: Premium or discount by the a portion of the unamortized balance (same portion as bond payable being redeemed)
As a bond issuer, the company is a borrower. As such, the act of issuing the bond creates a liability. Thus, bonds payable appear on the liability side of the company's balance sheet. Generally, bonds payable fall in the non-current class of liabilities.
Bonds Payable Journal Entry Example [Debit, Credit] Suppose a company raised $1 million in the form of bond issuances. The journal entries would be as follows: Cash Account ? Debit by $1 million. Bonds Payable ? Credit by $1 million.
Accounting for Bond Redemption When it is time to redeem the bonds, all premiums and discounts should have been amortized, so the entry is simply a debit to the bonds payable account and a credit to the cash account.