Examples of Floating Rate Covered Bonds in a sentence
In connection with the implementation of a CAD Benchmark Replacement with respect to any CAD dollar denominated Floating Rate Covered Bonds calculated by reference to a CAD Benchmark, the Issuer or the CAD Benchmark Transition Designee (after consulting with the Issuer) will have the right, subject to satisfaction of the CAD Benchmark Transition Event Conditions, to make CAD Benchmark Replacement Conforming Changes with respect to any CAD dollar denominated Floating Rate Covered Bonds from time to time.
Any such amendment or alternative arrangements will be promptly notified to the Bond Trustee and each stock exchange or other relevant authority on which the relevant Floating Rate Covered Bonds are for the time being listed, quoted and/or traded or by which they have been admitted to listing or trading and to Covered Bondholders in accordance with Condition 13 (Notices).
The Rate of Interest payable from time to time in respect of Floating Rate Covered Bonds will be determined in the manner specified in the applicable Final Terms Document or Pricing Supplement.
In connection with the implementation of a USD Benchmark Replacement with respect to any U.S. dollar denominated Floating Rate Covered Bonds calculated by reference to a USD Benchmark, the Issuer or the USD Benchmark Transition Designee (after consulting with the Issuer) will have the right, subject to satisfaction of the USD Benchmark Transition Event Conditions, to make USD Benchmark Replacement Conforming Changes with respect to any U.S. dollar denominated Floating Rate Covered Bonds from time to time.
The Covered Bonds in a Series may be Fixed Rate Covered Bonds, Floating Rate Covered Bonds, Zero Coupon Covered Bonds or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms Document or Pricing Supplement.
Prior to issuing a Series of Covered Bonds (if such Covered Bonds are not Fixed Rate Covered Bonds or Floating Rate Covered Bonds), the Issuer has obtained confirmation from each of the Rating Agencies that the ratings of the Covered Bonds of all Series then outstanding will not be downgraded or withdrawn as a result of the issuance of this Series of Covered Bonds.