High Yield Debt Securities definition

High Yield Debt Securities means Eligible Debt Securities that are not Investment Grade Debt Securities at the time of investment;
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High Yield Debt Securities means debt securities issued by the Corporation and/or one or more of its subsidiaries which are rated Baa 3 or lower by Moody's Investor Service Inc. ("Moody's") or BBB- or lower by Standard & Poor's Corporation ("Standard & Poor's"), or their successors, and which may not be converted upon the election of the Corporation, without the payment of a premium or penalty, into shares of Common Stock. If neither Standard & Poor's nor Moody's has issued a rating with respect to any debt securities to be issued by the Corporation, or if the rating system employed by either such organization is changed from that which is currently employed, then the Corporation shall designate a nationally recognized statistical rating organization to rate such debt securities or adjust the rating limitations set forth above.
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Examples of High Yield Debt Securities in a sentence

  • This section stipulates the requirements for the Listing of High Yield Debt Securities (HYDS).

  • The following additional requirements over and above those in Sections 4 and 5 and/or exceptions apply to the Applicant Issuer with respect to the Listing of High Yield Debt or the registration of the Programme Memorandum that makes provision for High Yield Debt Securities.

  • All Placing Documents pertinent to Debt Securities to be Listed by the ZSE that are High Yield Debt Securities, with a speculative (below a level of BBB-/Baa3 on a global or national rating scale) grade credit rating or no credit rating, must provide in bold lettering on the front cover of the Placing Document or Pricing Supplement that the Listed Debt Securities are of a speculative nature and that prior to investing in these Debt Securities Investors should seek independent professional advice.

  • The following risks set out in Appendix 1 may be more relevant for this Sub-Fund: Counterparty Risk, Credit Risk, Derivative Basis Risk, Emerging Markets Risk, Exchange Rate Fluctuation Risk, High Yield Debt Securities Risk, Income Yield Risk, Interest Rate Risk, Leverage Risk, New Sub-Fund Risk, OTC Derivatives Instruments Risk, Political Risk, and Pricing & Liquidity Risk.

  • It is expected that the majority of the High Yield Debt Securities included in the initial Portfolio will be issued by U.S. companies in U.S. dollars.

  • Asset-backed Debt Securities6.3 High Yield Debt Securities Asset-backed Debt Securities‌6.1 Due to the variable nature of Asset-backed Debt Security transactions, the ZSE should be consulted at an early stage.

  • The following risks set out in Appendix 2 may be more relevant for this Sub-Fund: Accounting Risk, Concentration Risk, Counterparty Risk, Credit Risk, Derivative Basis Risk, Emerging Markets Risk, Exchange Rate Fluctuation Risk, High Yield Debt Securities Risk, Income Priority Risk, Income Yield Risk, Interest Rate Risk, Leverage Risk, OTC Derivatives Instruments Risk, Political Risk and Pricing & Liquidity Risk.

  • US High Yield StrategyThe US High Yield Strategy of InRIS 2020 focused primarily on High Yield Debt Securities denominated in USD issued by companies in the US, however, the strategy may also have invested in Debt Securities from other developed countries, such as Canada, UK and Europe, up to 20% of NAV.

  • The following risks set out in Appendix 1 may be more relevant for this Sub-Fund: Charges to Capital Risk, Credit Risk, High Yield Debt Securities Risk, Income Priority Risk, Income Yield Risk, Interest Rate Risk, Investment Grade Risk, OTC Derivative Instruments Risk, and Pricing & Liquidity Risk.

  • The following risks set out in Appendix 1 may be more relevant for this Sub-Fund: Charges to Capital Risk, Credit Risk, Currency Denomination Risk, High Yield Debt Securities Risk, Income Priority Risk, Income Yield Risk, Interest Rate Risk, OTC Derivative Instruments Risk and Pricing & Liquidity Risk.

Related to High Yield Debt Securities

  • High Yield Securities means debt Securities and Preferred Stock, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) or other exemption to the Securities Act and (c) that are not Cash Equivalents, Mezzanine Investments or Bank Loans.

  • Debt Securities has the meaning stated in the first recital of this Indenture and more particularly means any Debt Securities authenticated and delivered under this Indenture.

  • High Yield Notes means the Senior Notes and Senior Subordinated Notes.

  • of a debt security means the principal of the security plus the premium, if any, on the security.

  • Holder of Debt Securities or other similar terms means, a Person in whose name a Debt Security is registered in the Debt Security Register (as defined in Section 2.07(a)).

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Senior Notes means $500,000,000 in aggregate principal amount of the Borrower’s 6.75% senior unsecured notes due 2025 issued pursuant to the Senior Notes Indenture on the Closing Date.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Pledged Debt Securities has the meaning assigned to such term in Section 3.01.

  • Junior Notes means Note B-1, Note B-2, Note B-3 and Note B-4.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • Subordinated Notes Indenture means that certain Subordinated Debenture Indenture between DH (f/k/a NGC Corporation) and First National Bank of Chicago, as Debenture Trustee, dated as of May 28, 1997 (as amended, restated and supplemented through the Petition Date).

  • 2023 Notes means the 6 7/8% Notes due 2023 issued by NTL pursuant to the 1988 Indenture.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Debt Securities Capable of Aggregation means those debt securities which include or incorporate by reference this Condition 12 and Condition 13 or provisions substantially in these terms which provide for the debt securities which include such provisions to be capable of being aggregated for voting purposes with other series of debt securities.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • Series A Equipment Notes means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Notes shall have the meaning assigned to such term in the recitals.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.