Pages • 2
Mandatorily Redeemable Fixed-Term Fixed-Rate Debentures Essay Preview: Mandatorily Redeemable Fixed-Term Fixed-Rate Debentures Report this essay Alternative 3: mandatorily redeemable fixed-term fixed-rate debentures On 1 January 20×0 BuildItYourself receives L$20 million in exchange for 1 million L$20 ten-year debentures that, collectively, contractually oblige BuildItYourself to pay: L$1 million (ie 5 per cent fixed interest) on 31.