Benchmark Yield definition

Benchmark Yield means the yield at the Redemption Calculation Date of the corresponding [insert [euro denominated benchmark debt security of the Federal Republic of Germany] [other relevant benchmark] specifying the following details: ISIN or other securities code, as observed at around noon [(Frankfurt time)] [other relevant time] on such date on Bloomberg page [ISIN] Govt HP (using the setting "Last Yield to Convention" and using the pricing source ["FRNK"] [other source as relevant]), or as derived or published by such other source as determined by the Calculation Agent], and if such yield is not available at that time the Benchmark Yield shall be the yield of a substitute benchmark security chosen by the Calculation Agent, in each case as having a maturity comparable to the remaining term of the Note to the Maturity Date, that would be used at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Benchmark Yield means the yield as at the Redemption Calculation Date as appearing at around [insert relevant time] on the Screen Page in respect of the Benchmark Security, or if such yield cannot be so determined at such time, the yield determined as aforesaid as appearing on the Screen Page at such other time on the Redemption Calculation Date as may be considered to be appropriate by the Calculation Agent.

Benchmark Yield means the yield of the Pricing Benchmark which appears on the Screen Page on the Call Redemption Calculation Date (Make Whole) at or about [insert relevant time] ([insert relevant financial centre] time). If such yield is not displayed and/or the Screen Page is not available and/or the Pricing Benchmark is no longer outstanding at such time, the Benchmark Yield shall be the yield of a substitute benchmark debt security of [insert relevant issuer], selected by the Calculation Agent in its reasonable discretion, which has a maturity that is as close as possible to the remaining term of the Notes to the Maturity Date and would be used at the time of its selection by the Calculation Agent in accordance with customary financial practice for pricing new issues of corporate debt securities of comparable maturity to the Maturity Date.

Examples of Benchmark Yield in a sentence

Ratings (▇▇▇▇▇'▇ / S&P / Fitch) Amount Collateral Type Senior Unsecured Notes Type SEC Registered Trade Date Settlement Date (T+3) Maturity Coupon Payment Dates Semi-annual payments on _____ and _____of each year, beginning __________ Coupon Record Dates Semi-annual on ______ and ______ Call Structure Benchmark Benchmark Price Benchmark Yield Reoffer Spread Reoffer Yield Coupon Price Joint bookrunners Co-manager(s) CUSIP ISIN Preliminary Prospectus dated ________________.
Any One Day Advance Benchmark Yield accruing on the days including the first day of a calendar month and ending on, and including, the Determination Date for such calendar month, shall be payable on the Payment Date occurring during such calendar month.
Each Benchmark Advance shall accrue interest at the applicable Benchmark Yield Rate for such Benchmark Advance during each applicable Interest Period.
Day Count Convention During the Fixed Rate Period 30/360 (Following, unadjusted) During the Floating Rate Period, Actual/360 (Modified following) Business Days New York and London US Treasury Benchmark T 2.625% due February 15, 2029 US Treasury Benchmark Yield 2.545% Fixed Rate Spread to Benchmark Treasury T+ 190 bps Floating Rate Pricing Benchmark Three-month U.S. dollar LIBOR, (Reuters LIBOR01), modified following, adjusted.
Issuer: Underwriting Agreement dated Representatives: Debentures: Designation: Principal Amount: Date of Maturity: Interest Rate: Price to Public: Treasury Benchmark: Benchmark Price: Benchmark Yield: Spread to Benchmark Treasury: Purchase Price: Proceeds to FPL Group [(1)Capital] (before expenses): Settlement Date: CUSIP/ ISIN Number: Expected Credit Ratings*: *A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating.

More Definitions of Benchmark Yield

Benchmark Yield means (i) the yield based upon the [Bundesbank reference price (Bundesbank- Referenzpreis)][other relevant reference price] for the Benchmark Security in respect of the Redemption Amount Calculation Date as appearing on the Redemption Amount Calculation Date on the Screen Page in respect of the Benchmark Security, or

Benchmark Yield is the simple average of the preceding five years’ provincial weighted average yield per acre for an insurable crop or is an average calculated by such means as is acceptable to the Board;

Benchmark Yield means the yield at the Make-Whole Redemption Calculation Date of the Reference Bond specified in the Final Terms, and if such yield is not available at that time, the Benchmark Yield shall be the yield of the DA Selected Bond.

Benchmark Yield means (i) the yield based upon the [Bundesbank Reference Price (Bundesbank-Referenzpreis)] [insert other applicable reference price] for the Benchmark Security in respect of the Make-Whole Calculation Date as appearing on the Make-Whole Calculation Date on the Screen Page in respect of the Benchmark Security, or (ii) if the Benchmark Yield cannot be so determined, the yield based upon the mid-market price for the Benchmark Security as appearing at [noon Frankfurt time][other relevant time] on the Make-Whole Calculation Date on the Screen Page in respect of the Benchmark Security.

Benchmark Yield means the yield to maturity at the Redemption Calculation Date of direct obligations of the Federal Republic of Germany (Bund or Bundesanleihen) with a constant maturity (as compiled and published in the most recent financial statistics which have become publicly available on at least the second business day (but not more than at the fifth business day) prior to the relevant Optional Redemption Date (or, if such statistics are not so published or available, any publicly available source of similar market data selected by an Independent Financial Adviser in good faith)) most nearly equal to the period from the Optional Redemption Date to the Maturity Date; provided, however, that if the period from the Optional Redemption Date to the Maturity Date is not equal to the constant maturity of the direct obligations of the Federal Republic of Germany for which a weekly average yield is given, the Benchmark Yield shall be obtained by a linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of direct obligations of the Federal Republic of Germany for which such yields are given, except that if the period from the Optional Redemption Date to the Maturity Date is

Benchmark Yield means, for any Benchmark Advances Outstanding, and any Interest Period for each such Benchmark Advance, the sum of the amounts determined for each day in such Interest Period in accordance with the following formula:

Filter & Search

Related Definitions