A perpetual bond is a fixed-income security with no maturity date. Theoretically, that means holders of the bond will receive interest payments forever.
This makes perpetual bonds similar to dividend-paying stocks.
Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.