Yield to Worst means, in respect of any High Yield Bond or other debt security, the lesser of (a) the yield-to-maturity and (b) the lowest yield-to-call calculated on each scheduled call date.
Yield to Worst has the meaning set forth in the Collateral Valuation Schedule.
Yield to Worst means the lowest yield of yield to maturity or yield to all possible call dates.
Examples of Yield to Worst in a sentence
Yield to Worst the lowest potential yield that can be received on a bond without the issuer actually defaulting.
This process relies on available market data to generate a yield curve for each country in which valuations were undertaken, using interpolated results where there were no market observable rates.In pricing callable bonds, where information is available, the price of a callable bond is determined as at the call date using the Yield to Worst.
In pricing callable bonds, where information is available, the price of a callable bond is determined as at the call date using the Yield to Worst.
Tax-equivalent YTW (Yield to Worst) incorporates embedded call features and assumes a marginal 37% tax rate.
Aggregate Principal Amount $200,000,000 Maturity Date February 15, 2019 Coupon 7.750% Initial Price to Investors 101.000%, plus accrued interest from February 15, 2011 Net Proceeds (after expenses) $196.4 Yield to Worst 7.527% Guarantors The notes will be guaranteed on a senior unsecured basis by all of the Issuer’s current and certain future material restricted subsidiaries that guarantee its other indebtedness.
More Definitions of Yield to Worst
Yield to Worst means, for bonds with call dates, the lowest of the yield-to-call rates for each call date and the yield to maturity.SEQUOIA ECONOMIC INFRASTRUCTURE INCOME FUND LIMITED(a company incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered no. 59596) NOTICE OF EXTRAORDINARY GENERAL MEETINGNOTICE IS HEREBY GIVEN that an extraordinary general meeting of the Sequoia Economic Infrastructure Income Fund Limited (the “Company”) will be held at Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 1GR at 10.00 a.m. on 5 October 2015 to consider and, if thought fit, pass the following resolutions, of which Resolutions 1 will be proposed as an ordinary resolution and Resolution 2 will be proposed as a special resolution. Defined terms in this notice will have the meaning given to them in the circular to shareholders published by the Company on 16 September 2015 (“Circular”), a copy of which has been produced to this meeting and initialled by the Chairman for the purposes of identification. Ordinary Resolution
Yield to Worst means the lowest potential yield that can be received on the Indenture Notes without the Company committing a default under the Indenture.
Yield to Worst means, for bonds with call dates, the lowest of the yield-to-call rates for each call date and the yield to maturity.
Yield to Worst has the meaning set forth in the Collateral Valuation Schedule. EXHIBIT A FORM OF BORROWING REQUEST ------------------------- CDC Financial Products Inc. 0 Xxxx 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxx Xxxxxx Re: Special Value Opportunities Fund, LLC ------------------------------------- Ladies and Gentlemen: This Borrowing Request is delivered to you pursuant to Section 3.1.1 of the Credit Agreement, dated as of July 13, 2004 (together with all amendments, if any, from time to time made thereto, the "Credit Agreement"), among Special Value Opportunities Fund, LLC, a limited liability company formed under the laws of the State of Delaware (the "Borrower"), various financial institutions identified therein (the "Lenders"), Ambac Assurance Corporation, as Insurer (the "Insurer"), and CDC Financial Products Inc., as administrative agent (the "Administrative Agent") and as arranger. Unless otherwise defined herein or the context otherwise requires, terms used herein have the meanings provided in the Credit Agreement.
Yield to Worst means, as of the date of determination, (i) if the trading price of the Existing Notes exceeds 100% of the principal amount thereof, the yield to March 15, 2004, and (ii) if the trading price of the Existing Notes equals or is less than 100% of the principal amount thereof, the yield to the stated maturity date of the Existing Notes. The amount of interest for each day that this Note is outstanding (the "Daily Interest Amount") will be calculated by dividing the interest rate in effect for such day by 360 and multiplying the result by the principal amount of this Note. The amount of interest to be paid on this Note for each Interest Period will be calculated by adding the Daily Interest Amounts for each day in the Interest Period. All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards (e.g., 9.876545% (or .09876545) being rounded to 9.87655% (or .0987655)) and all dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent being rounded upwards). The interest rate on this Note will in no event be higher than 16.00% per annum (before giving effect to any obligation to pay Additional Interest (as defined in the Registra- tion Rights Agreement), if any) with a maximum cash interest rate of 14.00% per annum. Any interest in excess of 14.00% (and only such interest in excess of 14.00% per annum) shall be payable by the Issuers through the issuance of Additional Notes in a principal amount equal to the amount of such interest in excess of 14.00%; provided that Additional Interest (as defined in the Registration Rights Agreement) may only be paid in cash and not through the issuance of Additional Notes. The Calculation Agent will, upon the request of the holder of any Note, provide the interest rate then in effect with respect to this Note. All calculations made by the Calculation Agent in the absence of manifest error shall be conclusive for all purposes and binding on the Company and the Holders of this Note.
Yield to Worst. The lowest possible yield that can be received from owning a bond (without actual issuer default), determined by considering all potential call dates prior to maturity.
Yield to Worst means, in respect of any High Yield Bond or other debt security, the lesser of (a) the yield-to-maturity and (b) the lowest yield-to-call calculated on each scheduled call date. ANNEX I S&P INDUSTRY CLASSIFICATIONS INDUSTRY CODE DESCRIPTION 0 Zero Default Risk 1 Aerospace & Defense 2 Air transport 3 Automotive 4 Beverage & Tobacco 5 Radio & Television 6 Brokers, Dealers & Investment houses 7 Building & Development 8 Business equipment & services 9 Cable & satellite television 10 Chemicals & plastics 11 Clothing/textiles 12 Conglomerates 13 Containers & glass products 14 Cosmetics/toiletries 15 Drugs 16 Ecological services & equipment 17 Electronics/electrical 18 Equipment leasing 19 Farming/agriculture 20 Financial intermediaries 21 Food/drug retailers 22 Food products 23 Food service 24 Forest products 25 Health care 26 Home furnishings 27 Lodging & casinos 28 Industrial equipment 29 Insurance 30 Leisure goods/activities/movies 31 Nonferrous metals/minerals 32 Oil & gas 33 Publishing 34 Rail industries 35 Retailers (except food & drug) 36 Steel 37 Surface transport 38 Telecommunications/cellular 39 Utilities 49 Project Finance 50 CDO 51 ABS Consumer 52 ABS Commercial 53 CMBS Diversified (Conduit and CTL) 54 CMBS (Large Loan, Single Borrower, and Single Property) 55 REITs and REOCs 56 RMBS A 57 RMBS B&C, HELs, HELOCs, and Tax Lien 58 Manufactured Housing 59 U.S. Agency (Explicitly Guaranteed) 60 Monoline/FER Guaranteed 61 Non-FER Company Guaranteed 62 FFELP Student Loans (Over 70% FFELP) APPROVED DEALERS