An Irredeemable Debenture is a normally a bond issued by the government that has no date of maturity. It provides interest but can never be redeemed at its full value. It is payable when the company is closed or wound up. The only benefit of this kind of Debenture is that the money is safe with the government and the whole amount of the debenture is paid bank once the company
A redeemable bond is one that can be taken to the issuer and redeemed for the face amount. A irredeemable bond is one that cannot be redeemed until it has reached maturity.
Provide a high rate of financial return for their investors.
At the end of the lending period companies usually offer the assets in the form of stock, which can ultimately be very valuable.
At the end of the lending period companies usually offer the assets in the form of stock, which can ultimately be very valuable.