Zero Coupon Covered Bonds definition

Zero Coupon Covered Bonds means Covered Bonds which will be offered and sold at a discount to their nominal amount and which will not bear interest.
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Zero Coupon Covered Bonds means a Covered Bond specified as such in the relevant Final Terms or Pricing Supplement.
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Zero Coupon Covered Bonds means a Covered Bond specified as such in the relevant Pricing Supplement.
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Examples of Zero Coupon Covered Bonds in a sentence

  • Due to their leverage effect, Zero Coupon Covered Bonds are a type of investment associated with a particularly high price risk.

  • The Covered Bonds may be "Fixed Rate Covered Bonds", "Floating Rate Covered Bonds" and "Zero Coupon Covered Bonds " or a combination of any of the foregoing, depending on the Interest Basis and the redemption method specified in the relevant Final Terms in accordance with the applicable Conditions.

  • Therefore the market value of such Covered Bonds may be lower than the market value of such interest-bearing Covered Bonds with comparable maturities.Changes in market interest rates may have a stronger impact on the prices of Zero Coupon Covered Bonds than on the prices of conventional interest-bearing Covered Bonds because the discounted issue prices may be substantially below par.

  • Generally, the longer the remaining term of such Zero Coupon Covered Bonds, the greater the price volatility as compared to conventional interest-bearing Covered Bonds with comparable maturities.

  • Materialised Covered Bonds in definitive form (" Definitive Materialised Covered Bonds") are serially numbered and are issued with Coupons (and, where appropriate, a Talon) attached, save in the case of Zero Coupon Covered Bonds in which case references to interest (other than in relation to interest due after the Final Maturity Date), Coupons and Talons in these Conditions are not applicable.

  • Definitive Covered Bonds in bearer form ("Bearer Definitive Covered Bonds") are issued with Coupons attached, unless they are Zero Coupon Covered Bonds in which case references to Coupons and Couponholders in these Conditions are not applicable.

  • Zero Coupon Covered Bonds Changes in market interest rates have a substantially stronger impact on the prices of Zero Coupon Covered Bonds than on the prices of ordinary Covered Bonds because the discounted issue prices are substantially below par.

  • If market interest rates increase, Zero Coupon Covered Bonds can suffer higher price losses than other Covered Bonds having the same maturity and credit rating.

  • Materialised Covered Bonds in definitive form (" Definitive Materialised Covered Bonds") are serially numbered and are issued with Coupons (and, where appropriate, a Talon) attached, save in the case of Zero Coupon Covered Bonds in which case references to interest (other than in relation to interest due after the Final Maturity Date or the Extended Final Maturity Date, as the case may be), Coupons and Talons in these Conditions are not applicable.

  • If market interest rates increase, Zero Coupon Covered Bonds can suffer higher price losses than other Covered Bonds having the same maturity and same credit rating.


More Definitions of Zero Coupon Covered Bonds

Zero Coupon Covered Bonds means a Covered Bond specified as such in the relevant Final Terms.
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Zero Coupon Covered Bonds means the Covered Bonds, bearing no interest, which may be offered and sold at a discount to their nominal amount, as specified in the applicable Final Terms.
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Zero Coupon Covered Bonds means a Covered Bond specified as such in the relevant Final Terms. 2.2 Interpretation: In these Terms and Conditions:
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Zero Coupon Covered Bonds means a Covered Bond specified as such in the applicable Final Terms.
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Related to Zero Coupon Covered Bonds

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • zero-coupon obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.

  • Refunded Bonds means the portion of the $450,000 of the Series C Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • 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 Subordinated Notes means the Borrower’s 9.75% Senior Subordinated Notes due 2014, in an original aggregate principal amount of $225,000,000.

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

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.

  • 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.

  • 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.

  • School Bonds means School Obligations issued as Bonds.