High Yield Bonds definition

High Yield Bonds means bonds issued by corporations with a rating of BB+ or less from S&P, or Ba1 or less from Moody’s Investor Services, Inc., or a similar rating from another qualified rating agency, which are typically issued at fixed rates and are unsecured.

High Yield Bonds means debt Securities (including convertible debt Securities) that are generally rated below "BBB-" by S&P, (a) which are issued pursuant to a public registration, Rule 144A or as a private placement and (b) which are not Cash Equivalents, Bank Loans, Mezzanine Investments or CDO Debt Securities.

High Yield Bonds has the meaning assigned to such term in the applicable Collateral Valuation Schedule.

Examples of High Yield Bonds in a sentence

• Pursuant to Clause 4.9 of the Indenture, the CEDC and its subsidiaries (among others, the Pledgor) are not permitted to pledge their assets in favor of third parties (including the Lenders), unless the obligations under the High Yield Bonds are secured on an equal and ratable basis.

• Under Section 4.9 of the Indenture, CEDC and its subsidiaries (among others, the Pledgor) are not allowed to pledge their assets in favor of third parties unless they provide a pari passu pledge to secure the High Yield Bonds.

• The Group also provides fixed line telecommunications services in the remainder of Hungary as an alternative telecommunications operator.Matel issued High Yield Bonds on 6 August 2004 that were listed on the Luxembourg Stock Exchange on 24 August 2005 (See Note 15).ShareholdersThe 100% shareholder of Matel is Matel Holdings N.V. (“Matel Holdings”).

• Portfolio Breakdown – Total Invested Assets($ in Millions) Carrying Value as of March 31, 2007Loans Syndicated Bank Loans 1st Lien Loans 2nd Lien Loans Subordinated Loans Commercial Real Estate Loans Asset-Backed Securities High Yield Bonds Common and Preferred Equities Opportunistic Mortgage Investments Credit Default Swaps Other Investments1 Does not include $2.7 million of total return swaps and credit default swaps on senior secured bank loans.

• The proceeds of the Credit Extensions shall be used by the Borrower (a) for working capital, capital expenditures, and other lawful corporate purposes, (b) to finance future Permitted Acquisitions, (c) to refinance existing Indebtedness, including, without limitation, Indebtedness outstanding under the Existing Credit Agreement, and (d) to pay for transaction costs in connection with this Agreement and the High Yield Bonds.

More Definitions of High Yield Bonds

High Yield Bonds. Below investment-grade corporate high-yield debt securities issued by obligors organized in Eligible Countries.

High Yield Bonds means the €225,000,000 aggregate principal amount outstanding of 4.125% Senior Notes due 2021 (ISIN: XS1492665770/XS1492665267; Common Code: 149266577/149266526) and the €500,000,000 aggregate principal amount outstanding of 5.500% Senior Notes due 2023 (ISIN: XS1790929217/XS1790940883; Common Code: 179092921/179094088) issued by HHN;

High Yield Bonds means debt Securities (including convertible debt Securities) that are generally rated below "Baa3" by Moody's, (a) which are issued pursuant to a public registration, Rule 144A or as a private placement and (b) which are not Cash Equivalents, Bank Loans, Mezzanine Investments or CDO Debt Securities.

High Yield Bonds means the $147,500,000 14 per cent. senior discount notes due 2009 of the Parent.

High Yield Bonds means the 121/4% Senior Subordinated Notes due 15 May 2008 constituted by an indenture made between Holdings and Bankers Trust Company, London Branch and dated 14 May 1998 and the 11% Senior Notes due 15 May 2008 constituted by an indenture made between Holdings and Bankers Trust Company, London Branch and dated 14 May 1998 having initial principal amounts of £55,000,000 and $175,000,000 respectively.

High Yield Bonds means, collectively, (i) that certain ---------------- Indenture, dated as of April 17, 2002, by and among Ventas Realty, Limited Partnership and Ventas Capital Corporation, as issuers, the Guarantors listed therein, and U.S. Bank National Association, as trustee, relating to the 8-3/4% Senior Notes due 2009, (ii) that certain Indenture, dated as of April 17, 2002, by and among Ventas Realty, Limited Partnership and Ventas Capital Corporation, as issuers, the Guarantors listed therein, and U.S. Bank National Association, as trustee, relating to the 9% Senior Notes due 2012, and (iii) all notes, indentures, bonds, agreements, certificates and other instruments issued or executed in connection therewith, each as may be supplemented and amended from time to time.

High Yield Bonds means the 7.625% US dollar denominated senior notes due 2010, the 8.0% euro denominated senior notes due 2010, the 8.875% US dollar denominated senior notes due 2011 and the 9.25% euro denominated senior notes due 2011. Holding Company of any other person, means a company in respect of which that other person is a Subsidiary. IBOR means LIBOR, PIBOR or EURIBOR.