FIXED COUPON NOTES definition

FIXED COUPON NOTES. (irrespective of series) means collectively the Series A Notes and the Series D Notes; and the term "FIXED SPREAD NOTES" (irrespective of series unless otherwise specified) means the Series B Notes, the Series C Notes and the Series E Notes. The Notes of each series shall be substantially in the form set out in Exhibit l.1, in each case duly completed. Certain capitalized and other terms used in this Agreement are defined in Schedule B; references to a "Schedule" or an "Exhibit" are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. The interest rate to be borne by the Fixed Coupon Notes shall be 8.98% per annum. The interest rate to be borne by the Fixed Spread Notes of each series shall be determined on the second Business Day preceding the date of the Closing for the purchase of Fixed Spread Notes of such series, and shall be 2.73% (273 basis points) over the yield reported as of 10:00 A.M. (New York City time) on such second Business Day on the Bloomberg Financial Markets News screen Px or equivalent screen provided by Bloomberg Financial Markets News (or any nationally recognized publicly available on-line source of similar market data) for the 5.750% Treasury Note due August 2003 (the "REFERENCE TREASURY SECURITY"). Two Business Days prior to each Closing, the Company will deliver to each purchaser of Fixed Spread Notes at such Closing a certificate of a Senior Financial Officer of the Company specifying the interest rate on the Fixed Spread Notes of such series (and accompanied by a copy of the applicable Bloomberg screen from which the price of the Reference Treasury Security has been determined). The Company will also give such purchaser of Fixed Spread Notes notice of, and an opportunity to participate in, a conference telephone call during which the interest rate is determined for such Closing.
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Examples of FIXED COUPON NOTES in a sentence

  • The Issuer (together with subsidiaries) has established a structured products programme for the issuance of Notes, Warrants and Certificates (the "Programme") under which the Issuer proposes to issue ZAR 820,000,000 10 YEAR FIXED COUPON NOTES, DUE 15 FEBRUARY 2033 (the "Securities", which expression, where the context so admits, shall include the Global Securities to be delivered in respect thereof).

Related to FIXED COUPON NOTES

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Zero Coupon Obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.