Yankee Bonds definition

Yankee Bonds means bonds issued by foreign governments or provinces, supranational agencies or foreign corporations, offered and sold in the United States and denominated in U.S. dollars, which bonds (a) provide for the periodic payment of interest thereon in cash, (b) do not provide for conversion or exchange into equity capital at any time over their respective lives, (c) have been registered under the Securities Act of 1933, as amended, (d) have a remaining term to maturity of 30 years or less, and (e) have not had notice given in respect thereof that any such corporate debt obligations are the subject of an offer by the issuer thereof of exchange or tender for cash, securities or any other type of consideration (except that Yankee Bonds and Corporate Bonds, together, in an amount not exceeding 10% of the aggregate value of the Corporation’s assets at any time shall not be subject to the provisions of this clause (e)). In addition, with respect to Moody’s, no debt obligation held by the Corporation shall be deemed a Yankee Bond (i) if it fails to meet the criteria in column (1) below or (ii) to the extent (and only to the proportionate extent) the acquisition or holding thereof by the Corporation causes the Corporation to exceed any applicable limitation set forth in column (2) or (3) below as of any relevant Valuation Date (provided that in the event that the Corporation shall exceed any such limitation, the Corporation shall designate, in its sole discretion, the particular Yankee Bond(s) and/or portions thereof which shall be deemed to have caused the Corporation to exceed such limitation):
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Yankee Bonds means U.S. dollar-denominated Corporate Debt issued by non-U.S. issuers or foreign subsidiaries of U.S. issuers and predominantly traded in U.S. markets. For purposes of this definition, Yankee Bonds will also include so called “Euro Bonds” and
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Yankee Bonds means the $750,000,000 6.375 per cent. notes due 2003, the $650,000,000 6.625 per cent. notes due 2005, the $400,000,000 6.750 per cent. notes due 2008 and the $700,000,000 6.75 per cent. notes due 2008, issued by the Target pursuant to an indenture dated 6 March 1998 between the Target and Citibank, N.A. -45- 49 1.2 INTERPRETATION Any reference in this Agreement to:
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Examples of Yankee Bonds in a sentence

  • The maximum permissible allocation to any combination of Non-U.S. Dollar Denominated Securities (if permitted hereunder), Yankee Bonds, Eurodollar CP, Non-U.S. Agency Securities, Sovereigns, and Supranationals is 40% of the Covered Market Value.

  • No investments are allowed in foreign currency denominated government bonds, any type of foreign corporate bonds (including both US Dollar denominated securities, referred to as Yankee Bonds, and foreign ordinary bonds) or any other foreign securities are not expressly allowed.

  • WorldReginfo - 38c7004f-a4c6-475c-bae0-66b6dcf12945On 16 June 2006 the Yankee Bonds were deregistered by the U.S. Securities and Exchange Commission (SEC).

  • Yankee Bonds are permitted investments; however, such securities shall be limited to 5% of a fund manager’s portfolio.

  • Thus, they have no or very low interest payments.(ii) Bunny Bonds: These bonds permit investors to reinvest their interest income into more such bonds with the same terms and conditions, thus compounding their earnings.(iii) Bulldog Bonds: These are denominated in pounds sterling for UK investors by a non-UK entity.(iv) Yankee Bonds: These are dollar denominated issues, aimed at US investors, floated by a non-US entity.

  • Yankee Bonds are permitted investments; however, such securities shall be limited to 5% of an investment manager’s portfolio unless permitted in writing by the Board.

  • Yankee Bonds shall mean dollar-denominated bonds issued in the United States by foreign banks and corporations.II.

  • Further, RIL succeeded in even selling 50 year bonds with a put option in the 13th year at 350 basis points over treasuries.Dollar denominated bonds issued in the US domestic markets by non-US companies are known as Yankee Bonds.

  • The maximum permissible allocation to Yankee Bonds, a sub-set of Corporate Debt, is 20% of the Covered Market Value.

  • The Fund may also invest in (1) U.S. and non-U.S. corporate debt securities, (2) Yankee Bonds (dollar-denominated obligations issued in the U.S. by non-U.S. banks and corporations), (3) fixed income securities issued or guaranteed by the U.S. government, non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality and (4) asset-backed securities.


More Definitions of Yankee Bonds

Yankee Bonds means all or any of the bonds comprising the Yankee Issues;
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Yankee Bonds means all or any of the bonds comprising the Yankee Issues; and YANKEE ISSUES means the US$900,000,000 7 3/4 per cent. bonds due 2010 and the US$900,000,000 8 3/8 per cent. bonds due 2030 both issued by Corp and both guaranteed by plc.
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Yankee Bonds. They are the bonds with their accrued interest, issued by Embonor acting through its Agency in Cayman Islands under the Indenture Contract dated March 25, 1999, the Trustee of which is the Bank of New York, owned by ELSA.
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Yankee Bonds means the 8.5% debentures due 2025 of Legrand S.A. issued pursuant to an indenture dated February 1, 1995 between Legrand S.A. and Bankers Trust Company, as trustee.
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Related to Yankee Bonds

  • Existing Bonds means the following obligations of Seller:

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • School Bonds means School Obligations issued as Bonds.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Corporate Bonds means a debt obligation of a United States-chartered corporation with a maturity date greater than 270 days, which may be interest-bearing or discount-purchased.

  • Voting Bonds means the Outstanding Bonds less the Issuer’s Bonds.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Refunded Bonds means the portion of the $2,348,000 of the Series B Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Convertible Bonds means the $450,000,000 1.875 per cent senior unsecured guaranteed convertible bonds due 2025 and issued by NMC Health (Jersey) Limited, including the transactions contemplated under the Transaction Documents (as defined in the Convertible Bond Trust Deed);

  • Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • Subsequent Bonds means any Bonds issued after the First Issue Date on one or more occasions.

  • Stocks and bonds means stocks, bonds, mutual funds, and all other types of securities and financial instruments, whether held directly, indirectly, or in any other manner. The term does not include commodity futures contracts and call or put options on stocks or stock indexes.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.