Examples of Market Bonds in a sentence
The principal amount of such Market Bonds is not less than two-thirds (2/3) of the principal amount of the Program Bonds (“Market Bond Ratio Requirement”).
The HFA hereby certifies that the Market Bonds were not sold with “super sinker”, planned amortization classes or other priority allocation class rights unless such provisions retained for application to the redemption of the Program Bonds at least a pro rata portion of any prepayments or other recoveries of principal relative to mortgage loans funded or mortgage-backed securities purchased with proceeds of the Program Bonds.
The Complete Indenture provides that Market Bonds may not be issued with “super sinker”, planned amortization classes or other priority allocation class rights unless such provisions retain for application to the redemption of the Program Bonds at least a pro rata portion of any prepayments or other recoveries of principal relative to mortgage loans funded or mortgage-backed securities purchased with proceeds of the Program Bonds.
An exception is made for Emerging Market Bonds that are not denominated in the major currencies (USD, EUR, GBP, CAD, AUD) (reasons: diversification and performance).
DTC may determine to discontinue providing its services with respect to the Open Market Bonds at any time by giving notice to the County and the bond registrar and paying agent and discharging its responsibilities with respect thereto under applicable law or the County may determine that DTC is incapable of discharging its duties and may so advise DTC.
The remainder of the proceeds of the sale of the Open Market Bonds shall be set aside in a construction fund for the Project and used to defray the cost of the Project and, to the extent not needed to pay the cost of the Project, shall be deposited in the Principal and Interest Fund established in section 19 hereof or, alternatively, used to acquire and construct additional improvements to the System as determined by the Board of Commissioners of the County.
There shall be established for each series of Open Market Bonds a Principal and Interest Fund which shall be accounted for separately and shall be used only to retire such series of Open Market Bonds.
An indication of the asset allocation that such a fund may target is outlined: Emerging Market Bonds 9% High Yield Bonds 8% Global Property 10% Corporate Bonds 9% Global Equity 49% Emerging Market Equity 15% Cautious Growth fundInflation Bonds 15%Global Equity 10%Global Property 10%Sovereign Bonds 10%High Yield Bonds 10%Emerging Market Bonds 10%Corporate Bonds 35%This multi-asset fund is primarily comprised of fixed income assets.
The restrictions on refundings in this Section 9(b) do not apply to either (i) the use of proceeds to repay “warehouse credit lines” used to acquire mortgage loans and mortgage-backed securities or (ii) “replacement refundings” where proceeds of Program Bonds are exchanged dollar-for-dollar for unexpended tax exempt bond proceeds and/or mortgage loan prepayments so long as all proceeds of related Market Bonds are exchanged first for such purpose.
Foreign Exchange Cell at the Bank’s Treasury has already initiated a programme to codify the relevant RBI/FEDAI instructions for the conduct of the Foreign Exchange business, in the form of master circulars.Integrated Treasury OperationsThe Bank’s integrated Treasury Operations involve maintenance of Statutory Reserve requirements, Balance Sheet Management, trading in Money Market, Bonds and Debentures, Equity and Foreign Exchange.