High Yield Bond definition

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

Examples of High Yield Bond in a sentence

• Federated Hermes High Yield Trust Federated Hermes Opportunistic High Yield Bond Fund Federated Hermes Income Securities Trust Federated Hermes Fund for U.S. Government Securities Federated Hermes Floating Rate Strategic Income Fund Federated Hermes International Series, Inc.

• Salomon Brothers Institutional High Yield Bond Fund Salomon Brothers Institutional Emerging Markets Debt Fund Salomon Brothers Variable Series Funds Inc.

• Federated Hermes High Yield Trust Federated Hermes Opportunistic High Yield Bond Fund Federated Hermes Income Securities Trust Federated Hermes Fund for U.S. Government Securities Federated Hermes International Series, Inc.

• Salomon Brothers Variable All Cap Fund Salomon Brothers Variable High Yield Bond Fund Salomon Brothers Variable Investors Fund Salomon Brothers Variable Large Cap Growth Fund Salomon Brothers Variable Small Cap Growth Fund Salomon Brothers Variable Strategic Bond Fund Salomon Brothers Variable Total Return Fund Salomon Brothers Opportunity Fund Inc Salomon Brothers Emerging Markets Debt Fund Inc.

• Salomon Brothers Balanced Fund Salomon Brothers Cash Management Fund Salomon Brothers High Yield Bond Fund Salomon Brothers Institutional Money Market Fund Salomon Brothers Large Cap Growth Fund Salomon Brothers NY Municipal Money Mkt Fund Salomon Brothers Small Cap Growth Fund Salomon Brothers Strategic Bond Fund Salomon Brothers Short/Intermediate US Government Fund Salomon Brothers All Cap Value Fund Salomon Brothers Institutional Series Funds Inc.

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 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 publicly issued or privately placed debt obligation of a corporation or other entity (other than a Loan, Senior Secured Bond or a Senior Secured Floating Rate Note).

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) a debt security (issued by means of a public offer) which is a high yielding debt security, in each case as determined by the Portfolio Manager in its sole and absolute discretion (which shall not be called into question as a result of subsequent events), 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; or (b) a Synthetic Security, the Reference Obligation applicable to which is a high-yield bond of the type described in paragraph (a) above.

High Yield Bond. A high yield debt obligation of corporations, partnerships or other entities that is unrated or rated below Investment Grade.