Examples of Issue Margin in a sentence
If the sum of the 3 Month Bank Bill Rate plus the Issue Margin is less than 0% per annum, the floating rate will be deemed to be 0% per annum.
If the Company chooses not to redeem all of the Unsold Bonds on the Election Date all the Capital Bonds will remain outstanding and will be subject to the New Conditions applicable during that Bond Period commencing on the next Election Date except that, for that Bond Period, all the Capital Bonds (including the Unsold Bonds) will bear interest at the aggregate of the Swap Rate plus the Issue Margin for the prior Bond Period plus the Specified Margin.
Issue MarginThe Issue Margin is the percentage rate per annum determined by Heartland in consultation with the Joint Lead Managers through the Bookbuild.
If the sum of the 3 Month Bank Bill Rate plus the Issue Margin is less than 0% per annum, the floating rate will be deemed to be 0% per annum.The Issue Margin will not change during the Term.
The interest rate for the first 5 years until the First Optional Redemption Date (28 April 2028) will be a fixed rate equal to the sum of the Swap Rate on the Rate Set Date (21 April 2023) plus the Issue Margin, but in any case will be no less than the minimum interest rate announced via NZX on or about the Opening Date.
Heartland expects to announce an indicative Issue Margin range (which may be subject to change) via NZX on or about the Opening Date.
The interest rate from (and including) the First Optional Redemption Date will be a floating rate which will be reset quarterly to be equal to the sum of the applicable 3 Month Bank Bill Rate (a benchmark interest rate for a 3 month period) plus the Issue Margin.
The systems map diagram here sets the new Academic database within the institutional context.
The floating rate will be equal to the sum of the applicable 3 Month Bank Bill Rate plus the Issue Margin.
The interest rate from (and including) the First Optional Redemption Date will be a floating rate which will be reset quarterly to be equal to the sum of the applicable 3 Month Bank Bill Rate plus the Issue Margin.