High Yield Bond means a subordinated debt security which, on acquisition by the Issuer, is either rated below investment grade by at least one internationally recognised credit rating agency (provided that, if such debt security is, at any time following acquisition by the Issuer, no longer rated by at least one internationally recognised credit rating agency as below investment grade it will not, as a result of such change in rating, fall outside this definition) or which is a high yielding debt security, in each case as determined by the Investment Manager, excluding any debt security which is secured directly on, or represents the ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations or similar assets, including, without limitation, collateralised bond obligations, collateralised loan obligations or any similar security.

High Yield Bond means a debt security which, on acquisition by the Issuer, is either rated below investment grade by at least one internationally recognised credit rating agency (provided that, if such debt security is, at any time following acquisition by the Issuer, no longer rated by at least one internationally recognised credit rating agency as below investment grade it will not, as a result of such change in rating, fall outside this definition) or which is a high yielding debt security, in each case as determined by the Investment Manager.

High Yield Bond means a bond paying a higher level of interest but which has a lower credit rating than investment grade

Examples of High Yield Bond in a sentence

In respect of Barings Developed and Emerging Markets High Yield Bond Fund, some or all of the management fee and other fees and expenses of the Fund may be paid out of capital.
Charges Deducted from Capital Each Fund, with the exception of Barings Developed and Emerging Markets High Yield Bond Fund, normally pays its management fee and other fees and expenses out of income.
Applicable to the First Sentier Asia Strategic Bond Fund, the First Sentier Asian Quality Bond Fund, the First Sentier Emerging Markets Bond Fund, the First Sentier Global Bond Fund, the First Sentier Global Credit Income Fund, the First Sentier High Quality Bond Fund, the First Sentier Long Term Bond Fund, the First Sentier Multi-Asset Growth and Income Fund, the First Sentier US High Yield Bond Fund, and the First Sentier US High Yield Quality Bond Fund.
Series F, Series F (CAD Hedged), Series FP1 and Series I1 units carry reduced management fees and are available to investors who have accounts with dealers who have signed a fee-based agreement with the Manager.The Leith Wheeler High Yield Bond Fund has Series A, Series A (CAD Hedged), Series B and Series B (CAD Hedged) and Series F and Series F (CAD Hedged) units outstanding.
How the Funds are managedThe Manager of Barings Developed and Emerging Markets High Yield Bond Fund has appointed Baring Asset Management Limited as the Investment Manager of the Fund.

More Definitions of High Yield Bond

High Yield Bond means a corporate debt security which is rated below investment grade.

High Yield Bond means a debt security which is rated below investment grade.

High Yield Bond. A publicly issued or privately placed debt security of a corporation or other entity (other than a Loan or Bond).

High Yield Bond means a Collateral Obligation that is a debt security which, on acquisition by the Issuer, is a high yielding debt security as determined by the Collateral Manager, excluding any debt security which is secured directly on, or represents the ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations or similar assets, including, without limitation, collateralised bond obligations, collateralised loan obligations or any similar security.

High Yield Bond means a corporate debt security which, at the time it is acquired by the Issuer, has an S&P Rating of below "BBB-" and a Moody's Rating below "Baa3".

High Yield Bond means a corporate debt security which is rated below investment grade.Highest Ranking Class" means, on any date of determination, the Class of Secured Notes (other than the Class X Notes) that is rated by S&P and does not have a Priority Class.