Benchmark Bond definition

Benchmark Bond means selected Republic of Finland Serial Bonds which are assigned a benchmark status by State Treasury.
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Benchmark Bond means the DRI Benchmark Bond, the VaPower Benchmark Bond or the CNG Benchmark Bond, as applicable. If (a) any Benchmark Bond shall no longer be outstanding for any reason, including maturity, redemption or repurchase, (b) any Borrower shall issue a new senior, unsecured, non-credit-enhanced obligation having liquidity and tenor deemed more acceptable to the Administrative Agent, (c) the Administrative Agent shall receive a written request from any Borrower requesting that the Administrative Agent replace such Borrower's Benchmark Bond with another Acceptable Obligation of that Borrower, and the Administrative Agent so agrees in its sole discretion or (d) the Administrative Agent shall determine that, as a result of changes in the liquidity of any Benchmark Bond, price quotes for a Benchmark Bond are not consistently available, and if in any such case one or more other (i.e. other than the applicable Benchmark Bond) acceptable debt securities of any Borrower ("Acceptable Obligations") shall be outstanding for which price quotes are likely, in the judgment of the Administrative Agent, to be consistently available, then the Administrative Agent, in consultation with that Borrower, will replace that Benchmark Bond with another Acceptable Obligation of that Borrower. If the Administrative Agent shall determine that no Acceptable Obligation is outstanding for a Borrower, the Eurodollar Rate Interest Margin for that Borrower will equal the Ceiling.
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Benchmark Bond means the Borrower's 5.00% Senior Notes due March 1, 2014 (CUSIP No. 000000XX0).
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Examples of Benchmark Bond in a sentence

  • The general criteria for a Serial Bond to be assigned as a Benchmark Bond are sufficient size, liquidity and diversification among investor base.

  • When there is less than one year until maturity of a Benchmark Bond it loses its Benchmark Bond status automatically.

  • A list of Benchmark Bonds is published on State Treasury’s internet site xxx.xxxxxxxxxxxxxxx.xx which will be updated as a new Serial Bond attains Benchmark Bond status or an existing Serial Bond loses its Benchmark Bond status.

  • Borrowing costs include costs associated with syndicating Domestic Benchmark Bond or other issuances, rating agency fees, clearing fees, registry fees and bank charges.

  • National Pension Fund Association (NPFA) – Investment Policy• Benchmark (Bond) – Nomura BPI & Citigroup World Government Bond Index 9 (Source) Nomura Securities, Bank of Japan, GPIF, NPFA JCR = ECAI for Regional Banks85% of Japanese Regional Banks adopt the Standardized Approach for CAR calculation under Basel II framework.

  • The Government has been implementing a Benchmark Bond programme to increase liquidity around selected Bonds and promote secondary trading.

  • Million € 2005 2004Discounts7.57.4One­time payment wage agreement15.8–Miscellaneous20.416.7 43.724.1 The discount from the issuance of the 3.50% Euro Benchmark Bond 2003/2010 and the 3.375% Euro Bond 2005/2012 is capitalized and amortized as interest expense over the term of the underlying obligations.The wage agreement reached in May 2005 included aone­time payment for the entire term of the agreement (19 months).

  • The 2016 maturing Domestic Benchmark Bond was valued off the TCV curve at 30 June 2016.

  • CMUS further submits that the “NUS warrants [an incremental 100 basis points in] credit spread over SFU because of the different security supporting the debt and the incremental risk associated with the project, including, but not limited to, development risk, utility operations risk and customer credit risk.” Based on the current Benchmark Bond Yield, the proposed interest rate is 6.50 percent.

  • The bid-offer spread for net open positions, post the maturity of the longest dated Domestic Benchmark Bond, is now interpolated with reference to market quotes for the TCV 2032 bond issuance rather than swap.


More Definitions of Benchmark Bond

Benchmark Bond means (a) with respect to MBNA America Bank and MBNA Europe, the 6.50% Senior Global Bank Notes due June 20, 2006 issued by MBNA America Bank under the Agency Agreement dated as of July 18, 1997, as amended, between MBNA America Bank and Bank One Trust Company, N.A. and (b) with respect to the Parent, the 6.25% Senior Medium Term Notes due January 18, 2007 issued by the Parent under the Senior Indenture dated September 29, 1992 between the Parent and Bankers Trust Company. If (i) any Benchmark Bond shall no longer be outstanding for any reason, including maturity, redemption or repurchase, (ii) any Borrower shall issue a new senior, unsecured, non-credit-enhanced obligation having liquidity and tenor deemed acceptable to the Administrative Agent acting with the consent of such Borrower (such consent not to be unreasonably withheld), (iii) the Administrative Agent shall receive a written request from any Borrower requesting that the Administrative Agent replace such Borrower's Benchmark Bond with another Acceptable Obligation (as defined below) of that Borrower, and the Administrative Agent so agrees in its sole discretion or (iv) the Administrative Agent shall determine that, as a result of changes in the liquidity of any Benchmark Bond, price quotes for a Benchmark Bond are not consistently available, and if in any such case one or more other (i.e. other than the applicable Benchmark Bond) acceptable debt securities of any Borrower (" Acceptable Obligations ") shall be outstanding for which price quotes are likely, in the judgment of the Administrative Agent, to be consistently available, then the Administrative Agent, in consultation with such Borrower, will replace that Benchmark Bond with another Acceptable Obligation of such Borrower which matures no earlier than the date two years after any date on which the Administrative Agent determines the Asset Swap Spread with respect to such Acceptable Obligation. If the Administrative Agent shall determine that no Acceptable Obligation is outstanding for a Borrower, the Applicable LIBO Rate Interest Margin for such Borrower will equal the Ceiling.
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Benchmark Bond means the Borrower's 6.25% Senior Notes due November 1, 2011 (CUSIP No. 000000XX0).
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Benchmark Bond means a zero coupon notional bond issued on the Issue Date of the Notes, redeeming on the Scheduled Maturity Determination Date of the Notes and with terms that provide for the redemption at maturity of such notional bond in an amount equal to the sum of (a) the applicable Benchmark Principal Amount and (b) the Benchmark Aggregate Accrued Amount;
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Related to Benchmark Bond

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Benchmark means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(iii)(A).

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Index With respect to each Adjustable Rate Mortgage Loan and with respect to each related Adjustment Date, the index as specified in the related Mortgage Note.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Benchmarked Rates means the Framework Prices for the Benchmarked Services;

  • Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

  • Benchmarked Price means the higher of:

  • Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose duration (as determined by Prudential) most closely matches the duration of such Accepted Note.

  • Reference Bond means for any Reset Period a government security or securities issued by the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall be Germany) selected by the Issuer on the advice of an investment bank of international repute as having an actual or interpolated maturity comparable with the relevant Reset Period that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities denominated in the same currency as the Notes and of a comparable maturity to the relevant Reset Period.

  • Benchmark Administrator means, initially, the SOFR Administrator, or any successor administrator of the then-current Benchmark or any insolvency or resolution official with authority over such administrator.

  • U.S. Treasury Bill Rate on any date means (i) the Interest Equivalent of the rate on the actively traded Treasury Bill with a maturity most nearly comparable to the length of the related Dividend Period, as such rate is made available on a discount basis or otherwise by the Federal Reserve Bank of New York in its Composite 3:30 P.M. Quotations for U.S. Government Securities report for such Business Day, or (ii) if such yield as so calculated is not available, the Alternate Treasury Bill Rate on such date. "Alternate Treasury Bill Rate" on any date means the Interest Equivalent of the yield as calculated by reference to the arithmetic average of the bid price quotations of the actively traded Treasury Bill with a maturity most nearly comparable to the length of the related Dividend Period, as determined by bid price quotations as of any time on the Business Day immediately preceding such date, obtained from at least three recognized primary U.S. Government securities dealers selected by the Auction Agent.

  • Comparable Treasury Issue means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • Approved Book-Entry System for Commercial Paper means a system maintained by the Custodian or by a subcustodian employed pursuant to Section 2 hereof for the holding of commercial paper in book-entry form but only if the Custodian has received a certified copy of a resolution of the Board approving the participation by the Trust in such system.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Comparable Treasury Price means, with respect to any Redemption Date, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations.

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Benchmark Replacement means, with respect to any Benchmark Transition Event, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Term Benchmark when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate.

  • Replacement Benchmark means a benchmark rate which is:

  • Reference Bond Price means, with respect to any date of redemption, (a) the arithmetic average of the Reference Government Bond Dealer Quotations for such date of redemption, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (b) if the Determination Agent obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations;

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Administrator/Benchmark Event means, in respect of any Series of Preference Shares and an Index, any authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register in respect of the Index or the administrator of the Index or the Index Sponsor has not been, or will not be, obtained or has been, or will be, rejected, refused, suspended or withdrawn by the relevant competent authority or other relevant official body, in each case as required under any applicable law or regulation in order for the Company, the Calculation Agent or any other entity to performits or their respective obligations in respect of the Preference Shares or any Related Financial Product, all as determined by the Calculation Agent;

  • Treasury Bonds means United States Treasury Bonds or Notes.