Reset Interest Rate means, in relation to any Reset Interest Period, the sum of the Margin and the Reference Rate in relation to such Reset Interest Period.
Reset Interest Rate means, in relation to any Reset Interest Period, the sum of the Margin and the Mid Market Swap Rate in relation to such Reset Interest Period.
Reset Interest Rate means, in relation to a Reset Interest Period, a fixed percentage rate per annum equal to the sum of (x) the Base Rate for such Reset Interest Period and (y) the Spread (as specified in the applicable Pricing Supplement).
Examples of Reset Interest Rate in a sentence
The Fiscal Agent will, at or as soon as practicable after the Relevant Time, determine the Reset Interest Rate and cause it to be notified to the Issuer and any stock exchange on which the Notes are for the time being listed and notice thereof to be published in accordance with Condition 14 as soon as possible after such determination but in no event later than the fourth London Business Day thereafter.
More Definitions of Reset Interest Rate
Reset Interest Rate means the rate per annum equal to the aggregate of: (a) the Reset Margin (i.e., 5,845% per annum) and (b) the 5 Year Mid-Swap Rate (as defined in Condition 5.4), as determined by the Fiscal Agent on the third Business Day immediately preceding the Issuer Call Date (i.e., the Reset Determination Date).
Reset Interest Rate means, in respect of any Reset Period, the rate per annum which is determined by the Calculation Agent to be the aggregate of the Margin and the Relevant Six-Year Reset Rate.
Reset Interest Rate means the rate per annum equal to the aggregate of: (a) the Reset Margin (i.e., 5.117% per annum) and (b) the 5 Year Mid-Swap Rate (as defined in Condition 5.5), as determined by the Fiscal Agent on the third Business Day immediately preceding the Issuer Call Date (i.e., the Reset Determination Date). Maturity Date:.............................................................Unless previously redeemed or purchased and cancelled asprovided in the Conditions, the Notes will be redeemed by the Bank at their respective then Prevailing Principal Amount on the Maturity Date (i.e., June 29, 2028). Use of Proceeds The net proceeds of the offering of the Notes will be used bythe Bank for general corporate purposes. Regulatory Treatment:................................................Application was made by the Bank to the BRSA forconfirmation that the full principal amount of the Notes will qualify for initial treatment as “Tier 2” capital (as provided under Article 8 of the Equity Regulation), which approval (i.e., the BRSA Tier 2 Approval) was received on May 30, 2017. See “Turkish Regulatory Environment - Capital Adequacy – Tier 2 Rules under Turkish Law – New Tier 2 Rules” in the Base Prospectus. Status and Subordination:..........................................The Notes (and claims for payment by the Issuer in respectthereof) will constitute direct, unsecured and subordinated obligations of the Issuer and shall, in the case of a Subordination Event and for so long as that Subordination Event subsists, rank:
Reset Interest Rate means, in relation to a Reset Interest Period, the rate equal to the Mid Market Swap Rate in relation to that Reset Interest Period plus 4.598 per cent.
Reset Interest Rate means, in relation to any Reset Period, the Swap Rate in relation to that Reset Period plus the Initial Credit Spread plus the Margin, subject to any applicable increase pursuant to Condition 5.5.
Reset Interest Rate means a fixed rate per annum (expressed as a percentage) equal to the aggregate of (a) the then-prevailing U.S. Treasury Rate (as determined as set out below) and (b) the Spread.
Reset Interest Rate means (subject to Condition 4.4), in relation to any Reset Period, the rate that is determined by the Calculation Agent as the sum of the relevant Reset Reference Rate and the Margin, with such sum converted to an annual basis (such calculation to be made by the Calculation Agent).