Perpetual Bonds

 

A Perpetual Bond is a financial instrument with no maturity date.  Perpetual Bonds are not redeemable but pay steady stream of interest forever.   Since perpetual bond payments are similar to stock dividend payments - as they both offer some sort of return for an indefinite period of time - it is logical that they would be priced the same way. 
 
Tata  Steel Company 
 
Listed in BSE and NSE debt segment 

 

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