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One signal that a denouement is in the offing was the sale April 1, at par value, of a $44 million note on the building by Concord Holdings, an entity owned jointly by Lexington Properties and Winthrop Realty Trust.
The bonds have a par value of $100.
In theory, the consols could be redeemed by the government at their par value of £100.
They were issued with a par value of $25, and traded on the Nasdaq national market, with trading reported in newspaper stock tables.
Denmark, Norway, & Belgium still pay interest on issues with a par value of 200 million, from bank balances maintained in this country.
This par value may be quoted in terms of another currency; for example, the par value of the pound was £1 = $2.80 between 1949 and 1967.
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The 2000 notes, which had been bid at 75percentt of par value on Monday, rose to a bid of 82percentt yesterday.
Those shares were in par values of $25 and had been sold primarily to individual investors interested in collecting a reasonably safe income stream.
Investors seem unwilling to pay more than 94-95% of par value for the $14 billion of loans in the package.
The report's methodology was criticised for using market value instead of par value for its calculations of equity, and limiting its scope to a thousand publicly listed companies.
The major part of this, the capital paid in by the common shareholders, is usually divided into two parts, one representing the par value, or stated value, of the shares, the other representing the excess over this amount.
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