High Yield Bonds definition

High Yield Bonds means bonds issued by corporations with a rating of BB+ or less from S&P, or Ba1 or less from Moody’s Investor Services, Inc., or a similar rating from another qualified rating agency, which are typically issued at fixed rates and are unsecured.

High Yield Bonds means debt Securities (including convertible debt Securities) that are generally rated below "BBB-" by S&P, (a) which are issued pursuant to a public registration, Rule 144A or as a private placement and (b) which are not Cash Equivalents, Bank Loans, Mezzanine Investments or CDO Debt Securities.

High Yield Bonds has the meaning assigned to such term in the applicable Collateral Valuation Schedule.

Examples of High Yield Bonds in a sentence

• The different insolvency regimes applicable in the different European jurisdictions result in a corresponding variability of recovery rates for Senior Obligations, Mezzanine Obligations and High Yield Bonds entered into by Obligors in such jurisdictions.

• The Issuer will invest in a Portfolio of Collateral Obligations consisting primarily of Senior Obligations, Mezzanine Obligations and High Yield Bonds.

• Certain High Yield Bonds rated Ba1 or BB+ and below by Moody’s or Standard & Poor’s respectively are very speculative, involve comparatively greater risks than higher quality securities, including price volatility, and may be questionable as to principal and interest payments.

• Compared to higher-rated securities, lower-rated High Yield Bonds generally tend to be more affected by economic and legislative developments, changes in the financial condition of their issuers, have a higher incidence of default and be less liquid.

• It is possible that Collateral Obligations (in particular High Yield Bonds) may bear interest at fixed rates and there is no requirement that the amount or portion of Collateral Obligations securing the Notes must bear interest on a particular basis, save for the Portfolio Profile Test which requires that not more than 10 per cent.

More Definitions of High Yield Bonds

High Yield Bonds. Below investment-grade corporate high-yield debt securities issued by obligors organized in Eligible Countries.

High Yield Bonds means the $147,500,000 14 per cent. senior discount notes due 2009 of the Parent.

High Yield Bonds means the €225,000,000 aggregate principal amount outstanding of 4.125% Senior Notes due 2021 (ISIN: XS1492665770/XS1492665267; Common Code: 149266577/149266526) and the €500,000,000 aggregate principal amount outstanding of 5.500% Senior Notes due 2023 (ISIN: XS1790929217/XS1790940883; Common Code: 179092921/179094088) issued by HHN;

High Yield Bonds means (i) the 121/4 % Sterling senior notes due 2009 and (ii) the 12% US Dollar senior notes due 2009, in each case issued by Newco 1;

High Yield Bonds means Collateral Obligations which are below investment-grade corporate high yield debt securities issued by obligors organized in the United States, or foreign obligors meeting criteria described herein, and Synthetic Securities, the Reference Obligations of which are such High Yield Bonds.

High Yield Bonds means below investment-grade corporate high-yield debt securities issued by obligors organized in Eligible Countries.

High Yield Bonds means bonds issued by corporations with a rating of BB+ or less from Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., or Ba1 or less from Moody’s Investors Service, Inc., or a similar rating from another qualified rating agency, which are typically issued at fixed rates and are unsecured.