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Undated Issue

What is 'Undated Issue'

A government bond that has no maturity date, and pays interest in perpetuity. While the government can redeem an undated issue if it so chooses, since most existing undated issues have very low coupons, there is little or no incentive for redemption. Undated issues are treated as equity for all practical purposes due to their perpetual nature, and are also known as perpetual bonds.

Explaining 'Undated Issue'

Perhaps the best-known undated issues are the U.K. Government's undated bonds or gilts, of which there are eight issues in existence, some of which date back to the 19th Century. The largest of these issues presently is the War Loan, with an issue size of £1.9 billion and a coupon rate of 3.5% that was issued in the early 20th century.


Further Reading


Earnings Management and The Post-Issue Underperformance in Seasoned Equity Offerings
ideas.repec.org [PDF]
… and unity of the world system in the generality and specifics of socio-scientific issues and problems … Such derivations find their home in economics and social theory and practice … Thereby, Qur'anic epistemology is essential to understand and invoke in every issue and problem of …

“A Dead Battery” Aubrey Williams' Undated Auto-Biographical Account of His Work with the Reconstruction Finance Corporation and the New Deal“A Dead Battery” Aubrey Williams' Undated Auto-Biographical Account of His Work with the Reconstruction Finance Corporation and the New Deal
www.tandfonline.com [PDF]
… and unity of the world system in the generality and specifics of socio-scientific issues and problems … Such derivations find their home in economics and social theory and practice … Thereby, Qur'anic epistemology is essential to understand and invoke in every issue and problem of …

The Impact of Fiscal and Monetary Policies on Economic Performance in SudanThe Impact of Fiscal and Monetary Policies on Economic Performance in Sudan
repository.sustech.edu [PDF]
… and unity of the world system in the generality and specifics of socio-scientific issues and problems … Such derivations find their home in economics and social theory and practice … Thereby, Qur'anic epistemology is essential to understand and invoke in every issue and problem of …

Transnationalism and the League of Nations: understanding the work of its economic and financial organisationTransnationalism and the League of Nations: understanding the work of its economic and financial organisation
www.jstor.org [PDF]
… and unity of the world system in the generality and specifics of socio-scientific issues and problems … Such derivations find their home in economics and social theory and practice … Thereby, Qur'anic epistemology is essential to understand and invoke in every issue and problem of …



Q&A About Undated Issue


How does economics study distribution, consumption, and production of goods and services?

Economics studies these areas by looking at how individuals make choices about what to produce, how to produce it, who gets what is produced, as well as for whom it is produced.

Why are undated issues treated as equity for all practical purposes?

Undated issues have perpetual nature, and are also known as perpetual bonds.

What is an undated issue?

An undated issue is a government bond that has no maturity date and pays interest in perpetuity.

What is production?

Production is the process of making goods and services.

What was the first ever gilt issued by the UK government?

The first ever gilt issued by the UK government was in 1817.

What country has the largest undated bond?

The United Kingdom (UK) has the largest undated bond.

How much does the UK's largest undated bond cost to purchase?

The War Loan costs £1,9 billion to purchase.

What are goods and services?

Goods and services are items that satisfy human wants and needs.

Who makes choices in an economy?

Individuals make choices in an economy.