Roll-Over Bonds definition
Examples of Roll-Over Bonds in a sentence
The Securities Depository and the Bond Trustee shall take necessary steps to delete the Roll-Over Bonds and merge the Temporary Bonds with the ordinary Bonds, whereupon all Bonds will have the same ISIN as the ordinary Bonds had prior to such merger.
The Bonds shall be settled as follows: In cash; and/or In kind by delivery of Roll-Over Bonds (subject to subscriptions from the Existing Bondholders in accordance with the Existing Bondholder’s Roll-Over).
The holders of Temporary Bonds will receive the accrued interest on the Roll-Over Bonds up and until the Issue Date and applicable call premiums (collectively the "Existing Bonds Payments"), payable in cash simultaneously with the Issuer’s payment of principal, interest and call option premiums for full discharge and redemption of any remaining Existing Bonds.
Upon mandatory prepayment in accordance with Clause 10.6, the Issuer shall have the right to repay the Temporary Bonds to the holders of such bonds with Roll-Over Bonds instead of cash.
Upon mandatory prepayment in accordance with Clause 10.4, the Issuer shall have the right to repay the Temporary Bonds to the holders of such bonds with Roll-Over Bonds instead of cash.