Benchmark Bond definition

Benchmark Bond means selected Republic of Finland Serial Bonds which are assigned a benchmark status by State Treasury.

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Benchmark Bond means the DRI Benchmark Bond, the VaPower Benchmark Bond or the CNG Benchmark Bond, as applicable. If (a) any Benchmark Bond shall no longer be outstanding for any reason, including maturity, redemption or repurchase, (b) any Borrower shall issue a new senior, unsecured, non-credit-enhanced obligation having liquidity and tenor deemed more acceptable to the Administrative Agent, (c) the Administrative Agent shall receive a written request from any Borrower requesting that the Administrative Agent replace such Borrower's Benchmark Bond with another Acceptable Obligation of that Borrower, and the Administrative Agent so agrees in its sole discretion or (d) the Administrative Agent shall determine that, as a result of changes in the liquidity of any Benchmark Bond, price quotes for a Benchmark Bond are not consistently available, and if in any such case one or more other (i.e. other than the applicable Benchmark Bond) acceptable debt securities of any Borrower ("Acceptable Obligations") shall be outstanding for which price quotes are likely, in the judgment of the Administrative Agent, to be consistently available, then the Administrative Agent, in consultation with that Borrower, will replace that Benchmark Bond with another Acceptable Obligation of that Borrower. If the Administrative Agent shall determine that no Acceptable Obligation is outstanding for a Borrower, the Eurodollar Rate Interest Margin for that Borrower will equal the Ceiling.

Benchmark Bond means the Borrower's 5.00% Senior Notes due March 1, 2014 (CUSIP No. ▇▇▇▇▇▇▇▇▇).

Examples of Benchmark Bond in a sentence

• When there is less than one year until maturity of a Benchmark Bond it loses its Benchmark Bond status automatically.

• The general criteria for a Serial Bond to be assigned as a Benchmark Bond are sufficient size, liquidity and diversification among investor base.

• A list of Benchmark Bonds is published on State Treasury’s internet site ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ which will be updated as a new Serial Bond attains Benchmark Bond status or an existing Serial Bond loses its Benchmark Bond status.

• Benchmark Bond: CAN [●]% due [●], 20[●] Benchmark Price / Yield: C$[●]/[●]% Re-Offer Spread: + [●] bps versus the Government of Canada Curve (“GoC Curve”).

• Yield to Maturity 5.600% per annum Benchmark Bond 2.750% due August 15, 2047 Benchmark Price 97-07 Benchmark Yield 2.890% Reoffer Spread +271 bps Underwriting Fee 0.250% Interest Payment Dates February 21 and August 21 of each year, First Interest Payment Date February 21, 2018 Reopening The Notes constitute a further issuance of, and will form a single series with, the U.S.$1,500,000,000 in aggregate principal amount of Brazil’s 5.625% Global Bonds due 2047 issued on July 28, 2016.

More Definitions of Benchmark Bond

Benchmark Bond means (a) with respect to MBNA America Bank and MBNA Europe, the 6.50% Senior Global Bank Notes due June 20, 2006 issued by MBNA America Bank under the Agency Agreement dated as of July 18, 1997, as amended, between MBNA America Bank and Bank One Trust Company, N.A. and (b) with respect to the Parent, the 6.25% Senior Medium Term Notes due January 18, 2007 issued by the Parent under the Senior Indenture dated September 29, 1992 between the Parent and Bankers Trust Company. If (i) any Benchmark Bond shall no longer be outstanding for any reason, including maturity, redemption or repurchase, (ii) any Borrower shall issue a new senior, unsecured, non-credit-enhanced obligation having liquidity and tenor deemed acceptable to the Administrative Agent acting with the consent of such Borrower (such consent not to be unreasonably withheld), (iii) the Administrative Agent shall receive a written request from any Borrower requesting that the Administrative Agent replace such Borrower's Benchmark Bond with another Acceptable Obligation (as defined below) of that Borrower, and the Administrative Agent so agrees in its sole discretion or (iv) the Administrative Agent shall determine that, as a result of changes in the liquidity of any Benchmark Bond, price quotes for a Benchmark Bond are not consistently available, and if in any such case one or more other (i.e. other than the applicable Benchmark Bond) acceptable debt securities of any Borrower (" Acceptable Obligations ") shall be outstanding for which price quotes are likely, in the judgment of the Administrative Agent, to be consistently available, then the Administrative Agent, in consultation with such Borrower, will replace that Benchmark Bond with another Acceptable Obligation of such Borrower which matures no earlier than the date two years after any date on which the Administrative Agent determines the Asset Swap Spread with respect to such Acceptable Obligation. If the Administrative Agent shall determine that no Acceptable Obligation is outstanding for a Borrower, the Applicable LIBO Rate Interest Margin for such Borrower will equal the Ceiling.

Benchmark Bond means the Borrower's 6.25% Senior Notes due November 1, 2011 (CUSIP No. ▇▇▇▇▇▇▇▇▇).

Benchmark Bond means a zero coupon notional bond issued on the Issue Date of the Notes, redeeming on the Scheduled Maturity Determination Date of the Notes and with terms that provide for the redemption at maturity of such notional bond in an amount equal to the sum of (a) the applicable Benchmark Principal Amount and (b) the Benchmark Aggregate Accrued Amount;

Benchmark Bond means the shortest dated outstanding Spanish Government Bond which: