Zero Coupon Yield definition
Zero Coupon Yield means such rate as would produce an amortised face amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date at such rate, or as otherwise specified in the Additional Conditions.
Zero Coupon Yield means, in respect of any Class of Notes on any day, the yield of a zero- coupon bond denominated in the currency of such Class, with a start date on such day, a maturity date on the Redemption Date of such Class of Notes or date on which the applicable payment would have been payable (as applicable) and determined on the basis of the swap rate curves for such currency published on specified internal Reuters pages of the Swap Counterparty, provided that if such rates are not published on such pages the Swap Counterparty will determine such rates from such other sources as it, in its absolute discretion, may deem appropriate. For the avoidance of doubt, the swap rate curves used for the purpose of calculating such Zero-Coupon Yield shall be adjusted by a spread corresponding to the "Spread 2" in respect of such Class of Notes set out in the applicable Currency Swap Confirmation.