Variable Yield Issue definition
Examples of Variable Yield Issue in a sentence
If the Issue is a Variable Yield Issue, the Yield on the Issue is computed separately for each Yield Period selected by the Issuer.
Each subsequent Computation Date shall end five years after the previous Computation Date except that, in a Variable Yield Issue, the Issuer may select annual Yield Periods.
When the Bonds are a Variable Yield Issue, the Bond Yield is computed separately for each Computation Period and means the Yield that produces, as of the first day of the Computation Period, a Present Value of all payments made on the Bonds attributable to the Computation Period equal to the Present Value of all prices received for the Bonds during such period.
Each subsequent Computation Date shall end 5 years after the previous Computation Date except that, in a Variable Yield Issue, the Issuer may select annual Yield Periods.
If, when the Bonds are Variable Yield Issue, some of the Bonds are Fixed Yield Bonds, the Bond Yield shall be computed pursuant to this Section 8.3(f); however, the special rules set forth in Section 8.3(g)(iii) for certain Fixed Yield Bonds shall apply to determine Bond payments and Bond prices in respect of such Bonds in a Computation Period.