Government of Canada Bond Yield definition

Government of Canada Bond Yield on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such date, the Government of Canada Bond Yield will mean the average of the yields determined by two registered Canadian investment dealers selected by the Company as being the yield to maturity on such date (assuming semi-annual compounding) which a Canadian dollar denominated non-callable Government of Canada bond would carry if issued in Canadian dollars at 100 per cent of its principal amount on such date with a term to maturity of five years;
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Government of Canada Bond Yield means the Applicable Canada Bond Yield as defined at the stated time of determination.
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Government of Canada Bond Yield on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such
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Examples of Government of Canada Bond Yield in a sentence

  • Since inception, the dividends have exceeded the Company’s targeted dividend yield of the 2-Year Government of Canada Bond Yield (“2-Yr GOC Yield”) plus 550 basis points.

  • The reset annual dividends per share will be determined by multiplying $25.00 per share by the annual fixed dividend rate, which is the sum of the five-year Government of Canada Bond Yield on the applicable reset date plus 1.45 per cent.

  • Subsequent to the initial 5-year fixed rate period, the issuer will determine the annual dividend for the next 5-year period based on the 5-year Government of Canada Bond Yield plus 2.71%.

  • Subsequent to the initial five-year fixed rate period, the issuer will determine the annual dividend for the next five-year period based on the five-year Government of Canada Bond Yield plus 2.71%.After September 30, 2016, the series A preferred shares are convertible on a one for one basis to series B cumulative, floating rate first preferred shares at the holders option.

  • Targeted dividend yield equals the average 2-Year Government of Canada Bond Yield plus 550 basis points.

  • In any calendar year where the Company has a net return in excess of the Hurdle Rate (Hurdle Rate is defined as the average two‐year Government of Canada Bond Yield for the 12 month period then ended plus 450 basis points), the Manager is entitled to receive from the Company a performance fee equal to 20% of the net return of the Company over the Hurdle Rate (the “Performance Fee”).

  • Under the management agreement prior to the Amalgamation, the Manager was entitled to a performance fee from TMIC equal to 20%, plus applicable taxes, of the net earnings available for distribution to shareholders in excess of the hurdle rate (the "Hurdle Rate"), which is defined as the average two-year Government of Canada Bond Yield for the12-month period then ended plus 450 basis points.

  • Subsequent to the initial five-year fixed rate period, the issuer will determine the annual dividend for the next five-year period based on the five-year Government of Canada Bond Yield plus 2.71%.

  • Targeted dividend yield equals the monthly average 2-Year Government of Canada Bond Yield plus 550 basis points.

  • The reset annual dividends per share will be determined by multiplying the $25.00 per share by the annual fixed dividend rate, which is the sum of the five-year Government of Canada Bond Yield on the applicable reset date plus 1.84 per cent.


More Definitions of Government of Canada Bond Yield

Government of Canada Bond Yield on any date means the yield to maturity, assuming semi-annual compounding, which a non-callable Government of Canada bond would carry if issued, in Canadian dollars in Canada at 100% of its principal amount on such date with a term to maturity equal to the fixed interest rate period being offered by RoyNat, as quoted to RoyNat by a money market dealer or Canadian Charter Bank.
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Government of Canada Bond Yield on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity
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Government of Canada Bond Yield means an annual interest rate equal to:
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Government of Canada Bond Yield means, with respect to the Called Principal of any Series A Note, the mid-market yield on the Government of Canada 6-1/2% coupon bond maturing October 7, 2004 (the "Canadian Bond"), as quoted on the Bloomberg Financial Markets Service Screen (or, if not available, any other nationally recognized trading screen reporting on intra-day trading in Canadian Bonds) at 11:00 a.m. (New York, New York time) on the date of determination of the Make-Whole Amount.
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Government of Canada Bond Yield has the meaning given to it in Section 21.1(3) of this Charge;
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Government of Canada Bond Yield means the yield to maturity, less one-half percent, on the date of such prepayment of Government of Canada Bonds having the term to maturity closest to what otherwise would have been the remainder of the term of the Loan calculated from the date of prepayment. If there is more than one Government of Canada Bond with a maturity equally close to what otherwise would have been the remaining term of the Loan calculated from the date of prepayment, the selection of the applicable bond shall be made by the Chargee acting reasonably;
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Related to Government of Canada Bond Yield

  • Government of Canada Yield on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such date, the Government of Canada Yield will mean the average of the yields determined by two registered Canadian investment dealers selected by the Corporation, as being the yield to maturity on such date (assuming semi-annual compounding) which a Canadian dollar denominated non-callable Government of Canada bond would carry if issued in Canadian dollars at 100% of its principal amount on such date with a term to maturity of five years.

  • Foreign Government Obligations means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof.

  • Government aggregator means any government entity subject

  • government procurement means the process by which a government obtains the use of or acquires goods or services, or any combination thereof, for governmental purposes and not with a view to commercial sale or resale, or use in the production or supply of goods or services for commercial sale or resale;

  • government guaranteed bond means a bond of the Government of Canada or a bond unconditionally guaranteed as to principal and interest by the Government of Canada that is:

  • Government Office means any office of the Federal Government that has possession or control of assassination records, including—

  • Government data means any information, document, media, or machine readable material regardless of physical form or characteristics, that is created or obtained by the Government in the course of official Government business.

  • Government means the Government of Kenya;

  • Foreign government means any jurisdiction other than the one embraced within the United States, its territories, and its possessions.

  • Local unit of government means a county, township, city, or village.

  • Comparable Government Bond Rate means the price, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Notes to be redeemed, if they were to be purchased at such price on the third Business Day prior to the date fixed for redemption, would be equal to the gross redemption yield on such Business Day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by an Independent Investment Banker.

  • Government energy aggregation program means a program and

  • Government Property means all property owned or leased by the Government. Government property includes both Government-furnished and Contractor-acquired property. Government property includes material, equipment, special tooling, special test equipment, and real property. Government property does not include intellectual property and software.

  • Government record or "record" means any paper, written or

  • Level of Government means the national and county level of government;

  • Host Government means a Government with which UNICEF has a programme of development cooperation, and includes a Government of a country in which UNICEF provides humanitarian assistance.

  • Government Obligations means (i) securities which are (A) direct obligations of the United States of America or the government which issued the Foreign Currency in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (B) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and (iii) a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.