Definitions of per annum
every year; for each year; yearly
The bonds will have an interest rate of 9% per annum and will be issued at a price equal to 99.297% of their face (=initial) value.
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per annum means:
advérbio
full
adverb
every year; for each year; yearly
The bonds will have an interest rate of 9% per annum and will be issued at a price equal to 99.297% of their face (=initial) value.