Reset Reference Bond definition
Reset Reference Bond means for any Reset Period a government security or securities issued by the government of the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall be Germany) selected by the Issuer (after consultation with an investment bank or financial institution of international repute determined to be appropriate by the Issuer, which, for avoidance of doubt, could be the Calculation Agent) as having the nearest actual or interpolated maturity comparable with the relevant Reset Period and that (in the opinion of the Issuer) would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issuances of corporate debt securities denominated in the Specified Currency and of a comparable maturity to the relevant Reset Period;
Reset Reference Bond means the security or securities issued by the United Kingdom government selected by the Issuer (after consultation with an investment bank or financial institution of international repute determined to be appropriate by the Issuer) as having the nearest actual or interpolated maturity comparable with the Reset Period and that (in the opinion of the Issuer) would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issuances of corporate debt securities denominated in Sterling and of a comparable maturity to the Reset Period; and
Reset Reference Bond means for any Reset Period a government security or securities issued by the government of the state responsible for issuing the Specified Currency (which, if the
Examples of Reset Reference Bond in a sentence
Subsequent Interest Rate: From and including the First Reset Date and each Reset Date thereafter to but excluding the next succeeding Reset Date, interest will accrue on the Contingent Capital Notes at a rate per annum equal to the sum of the applicable Reset Reference Bond Rate as determined by the Calculation Agent on the relevant Reset Determination Date and 3.294%, converted to a quarterly rate in accordance with market convention (rounded to three decimal places, with 0.0005 being rounded down).
More Definitions of Reset Reference Bond
Reset Reference Bond means, for any Reset Period, the U.K. government security or securities selected by the Issuer (after consultation with an investment bank or financial institution determined to be appropriate by the Issuer which, for the avoidance of doubt, could be the Calculation Agent, if applicable) with a maturity date on or about the last day of such Reset Period and that (in the opinion of the Issuer) would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issuances of corporate debt securities denominated in sterling and of a maturity of five years.
Reset Reference Bond means, in relation to any Reset Period, a government security or securities issued by the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall be Germany), as selected by the Issuer on the advice of an investment bank of international repute, that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of
Reset Reference Bond means for any Reset Period:
Reset Reference Bond means for any Reset Period a government security or securities issued by the government of the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall deemed to be Germany) agreed between the Issuer and the Determination Agent as having the nearest actual or interpolated maturity comparable with the relevant Reset Period and that (in the opinion of the Issuer, after consultation with the Determination Agent) would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issuances of corporate debt
Reset Reference Bond means, for any Reset Period, a government security or securities issued by the government of the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall deemed to be Germany), as selected by the Issuer on the advice of an investment bank of international repute, as having the nearest actual or interpolated maturity comparable with the relevant Reset Period and that (in the opinion of the Issuer) would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issuances of corporate debt securities denominated in the Specified Currency and of a comparable maturity to the relevant Reset Period.
Reset Reference Bond means, in respect of the relevant Reset Period, such United Kingdom government security selected by the Company (after consultation with an investment bank or financial institution of international repute determined to be appropriate by the Company (which, for avoidance of doubt, could be the Calculation Agent, or an affiliate of the Issuer)) as having the nearest actual or interpolated maturity comparable with the relevant Reset Period and that (in the opinion of the Company) would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issuances of corporate debt securities denominated in pound sterling and of a comparable maturity to the relevant Reset Period.
Reset Reference Bond means, in relation to any Reset Period, a government security or securities issued by the state responsible for issuing the Specified Currency (which, if the Specified Currency is Euro, shall be Germany), as selected by the Issuer on the advice of an investment bank of international repute, that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities denominated in the Specified Currency and of a comparable maturity to such Reset Period;