Examples of Tranche B Bonds in a sentence
Mr. Moore said when this phase was originally designed it was a cul-de-sac, but was redesigned because the Commission wanted a looped street.
Tranche B Bonds: In the amount of 10% of principal amount of outstanding bonds.
No payments on Tranche B Bonds will be made until Tranche A Bonds are paid in full and will cease after the Tranche B Bonds mature, and then interest and principal will be paid only to the extent the Transition Charge collected is sufficient to make such payments; andFailure to make payments when due on the Securitization Bonds does not cause any increase in the Transition Charge or in interest rates on the Securitization Bonds.• Settlement Payments.
The term of the Tranche B Bonds is three years extendable for two one-year periods.
The first US$10 million principal amount of Tranche A Bonds was drawn down on August 14, 2015 and a second tranche of US$8 million principal amount Tranche B Bonds was drawn down on November 10, 2015.
In November, 2013, the Company proceeded to voluntary repayment of Tranche B Bonds amounting to €1,000, using own funds.
If it is assumed that they are going to earn an average interest rate of 7.85% [7.85% is the midpoint between the proposed coupon of 7.00% for tax-exempted Tranche B Bonds and 8.75% for non-tax exempted Tranche B Bonds], then the initial principal of $904.2 for Tranche B Bonds, will grow to become a principal of $20,226 million (for Tranche B Bonds) by the 40th year of the RSA Tranche A Bonds.
An Alternative Approach to Restructure PREPA DebtThe RSA does not explain the reasons for restructuring debt in their two kinds of securitized bonds, Tranche A and Tranche B Bonds.
The Tranche B Bonds are convertible, at the option of GRF, at any time during the period commencing four months and a day following the date of issuance of the Tranche B Bonds up to the date that is 10 days prior to the date of maturity of the Tranche B Bonds, into Shares at a conversion price of CAD$0.85 per Share.
Save for the extended outside date for purchase, the terms and conditions of the Tranche C Bonds will be identical to those of the Tranche B Bonds.