Examples of Fixed Rate in a sentence
Ex-Im Bank’s payments under each Comprehensive Guarantee shall be made as follows: (a) with respect to any Floating Rate Notes, the Accelerated Payment Method shall apply; and (b) with respect to any Fixed Rate Notes, the Installment Payment Method shall apply.
KEY TERMS Issuer Transpower New Zealand Limited Description of Bonds Unsecured, unsubordinated, debt obligations of Transpower Type of Bonds Fixed Rate Bonds Purpose The net proceeds from the issue of the Bonds are intended to be applied for general corporate purposes, including capital expenditure requirements, of the Transpower group.
For the purposes of clause 2.5 of the Master Trust Deed, such additional Fixed Rate Bonds will be constituted when the pricing supplement for those Fixed Rate Bonds has been duly executed by the Issuer and the Supervisor, which pricing supplement will then be deemed to form part of this Deed.
The maximum Principal Amount of Bonds, and the maximum amount of oversubscriptions (if any) which the Issuer may accept, for the 2022 Fixed Rate Bonds is specified in the Pricing Supplement.
Maximum offer size The maximum aggregate of the Principal Amount of the Fixed Rate Bonds being offered under this Pricing Supplement is NZ$50,000,000 (with the ability to accept up to a further NZ$25,000,000 in oversubscriptions at Transpower’s discretion).