Dictionary

Perpetual Bond (Debt Instrument)

Perpetual Bonds

From the Collaborative Bond and Money Market Data Portal.  

A Perpetual Bond is a Debt Instrument with no Maturity Date. In the Capital Market Data Model however, these are for data integrity purposes recorded as having a maturity date of the 31st of December 2999. 

Perpetual Bonds can be thought of as like equity, although they will rank differently in a liquidation then real equity. Like equity they can be bought back and cancelled by the issuer. Perpetual bonds often have embedded call features. 

An advantage of perpetual bonds for investors is that they pay consistent interest payments that are guaranteed, unlike dividend payments.

Based on available data, on the 24th of September 2020, the size of the Perpetual Bond Market Bond was USD37.2bn.  

For information on issues in the Perpetual Bond Market, please use the Instrument search tool.

For information on the current size of the Perpetual Bond Market, please use the data sheet tool.

For information on the composition of the Perpetual Bond Market, please use the issuer search tool.

For information on active dealers in the Perpetual Bond Market, please use the dealer search tool.

For information on active investors in the Perpetual Bond Market, please use the fund search tool.