A perpetual bond, also known colloquially as a perpetual or perp, is a bond with no maturity date therefore allowing it to be treated as equity, not as debt. Issuers pay coupons on perpetual bonds forever.
A perpetual bond, also known colloquially as a perpetual or perp, is a bond with no maturity date therefore allowing it to be treated as equity, not as debt. Issuers pay coupons on perpetual bonds forever.