Yield to Worst means, in respect of any High Yield Bond or other debt security, the lesser of (a) the yield-to-maturity and (b) the lowest yield-to-call calculated on each scheduled call date.
Yield to Worst has the meaning set forth in the Collateral Valuation Schedule.
Yield to Worst means the lowest yield of yield to maturity or yield to all possible call dates.
Examples of Yield to Worst in a sentence
Distribution 144A/Regulation S with registration rights Maturity Date December 15, 2021 Issue Price 102.375% plus accrued and unpaid interest thereon from December 15, 2017 to the Closing Date Coupon 8.500% Yield to Worst 7.596% Interest Payment Dates June 15 and December 15 of each year, with the first interest payment on the Notes offered hereby being due on June 15, 2018.
Yield Perspective – NotesNote: Yield to Worst by Rating Category All Industries; All Maturities S&P Yield to Worst Number Rating Median of Issues BB+ 6.2% 298 BB 6.8% 228 BB- 6.6% 281 B+ 7.2% 395 B 8.1% 425 B- 8.5% 426 CCC+ 10.2% 214 CCC 15.1% 189 CCC- 14.5% 59 Source: Advantage Data, Inc.
Yield Perspective Note: Yield by S&P Rating Category (All Industries) 30% Yield—3/9/03 25% Yield—3/9/04 20% 15% Yield to Worst (Weighted Average) 10% 5% 0% BB+ BB BB- B+ B B- CCC+ CCC CCC- CC C PAA Ind.
MVA Period: 6 years MVA Exponent: 0.5 MVA Index: Bloomberg US Agg Credit (Yield to Worst) Interim Account Initial Interest Rate: 2.95% Guaranteed Minimum Interest Rate: 2.95% Transfer Window: 30 Day period ending on the Contract Anniversary See Transfer of Contract Value provision.
Aggregate Principal Amount $200,000,000 Maturity Date February 15, 2019 Coupon 7.750% Initial Price to Investors 101.000%, plus accrued interest from February 15, 2011 Net Proceeds (after expenses) $196.4 Yield to Worst 7.527% Guarantors The notes will be guaranteed on a senior unsecured basis by all of the Issuer’s current and certain future material restricted subsidiaries that guarantee its other indebtedness.
More Definitions of Yield to Worst
Yield to Worst means, for bonds with call dates, the lowest of the yield-to-call rates for each call date and the yield to maturity.SEQUOIA ECONOMIC INFRASTRUCTURE INCOME FUND LIMITED(a company incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered no. 59596)NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting of the Sequoia Economic Infrastructure Income Fund Limited (the “Company”) will be held at Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 1GR at 9.30 a.m. on 19 May 2017 to consider and, if thought fit, pass the following resolutions, of which Resolutions 1, 2 and 5 will be proposed as ordinary resolutions and Resolutions 3 and 4 will be proposed as special resolutions. Defined terms in this notice will have the meaning given to them in the circular to shareholders published by the Company on 3 May 2017 (“Circular”), a copy of which has been produced to this meeting and initialled by the Chairman for the purposes of identification. Ordinary Resolutions
Yield to Worst means the lowest potential yield that can be received on the Indenture Notes without the Company committing a default under the Indenture.
Yield to Worst means, for bonds with call dates, the lowest of the yield-to-call rates for each call date and the yield to maturity.
Yield to Worst has the meaning set forth in the Collateral Valuation Schedule. EXHIBIT A FORM OF BORROWING REQUEST ------------------------- CDC Financial Products Inc. 0 Xxxx 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxx Xxxxxx Re: Special Value Opportunities Fund, LLC ------------------------------------- Ladies and Gentlemen: This Borrowing Request is delivered to you pursuant to Section 3.1.1 of the Credit Agreement, dated as of July 13, 2004 (together with all amendments, if any, from time to time made thereto, the "Credit Agreement"), among Special Value Opportunities Fund, LLC, a limited liability company formed under the laws of the State of Delaware (the "Borrower"), various financial institutions identified therein (the "Lenders"), Ambac Assurance Corporation, as Insurer (the "Insurer"), and CDC Financial Products Inc., as administrative agent (the "Administrative Agent") and as arranger. Unless otherwise defined herein or the context otherwise requires, terms used herein have the meanings provided in the Credit Agreement.
Yield to Worst means, in respect of any High Yield Bond or other debt security, the lesser of (a) the yield-to-maturity and (b) the lowest yield-to-call calculated on each scheduled call date. ANNEX I S&P INDUSTRY CLASSIFICATIONS INDUSTRY CODE DESCRIPTION 0 Zero Default Risk 1 Aerospace & Defense 2 Air transport 3 Automotive 4 Beverage & Tobacco 5 Radio & Television 6 Brokers, Dealers & Investment houses 7 Building & Development 8 Business equipment & services 9 Cable & satellite television 10 Chemicals & plastics 11 Clothing/textiles 12 Conglomerates 13 Containers & glass products 14 Cosmetics/toiletries 15 Drugs 16 Ecological services & equipment 17 Electronics/electrical 18 Equipment leasing 19 Farming/agriculture 20 Financial intermediaries 21 Food/drug retailers 22 Food products 23 Food service 24 Forest products 25 Health care 26 Home furnishings 27 Lodging & casinos 28 Industrial equipment 29 Insurance 30 Leisure goods/activities/movies 31 Nonferrous metals/minerals 32 Oil & gas 33 Publishing 34 Rail industries 35 Retailers (except food & drug) 36 Steel 37 Surface transport 38 Telecommunications/cellular 39 Utilities 49 Project Finance 50 CDO 51 ABS Consumer 52 ABS Commercial 53 CMBS Diversified (Conduit and CTL) 54 CMBS (Large Loan, Single Borrower, and Single Property) 55 REITs and REOCs 56 RMBS A 57 RMBS B&C, HELs, HELOCs, and Tax Lien 58 Manufactured Housing 59 U.S. Agency (Explicitly Guaranteed) 60 Monoline/FER Guaranteed 61 Non-FER Company Guaranteed 62 FFELP Student Loans (Over 70% FFELP) APPROVED DEALERS
Yield to Worst means, as of the date of determination, (i) if the trading price of the Existing Notes exceeds 100% of the principal amount thereof, the yield to March 15, 2004, and (ii) if the trading price of the Existing Notes equals or is less than 100% of the principal amount thereof, the yield to the stated maturity date of the Existing Notes. The amount of interest for each day that this Note is outstanding (the "Daily Interest Amount") will be calculated by dividing the interest rate in effect for such day by 360 and multiplying the result by the principal amount of this Note. The amount of interest to be paid on this Note for each Interest Period will be calculated by adding the Daily Interest Amounts for each day in the Interest Period. All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards (e.g., 9.876545% (or .09876545) being rounded to 9.87655% (or .0987655)) and all dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent being rounded upwards). The interest rate on this Note will in no event be higher than 16.00% per annum (before giving effect to any obligation to pay Additional Interest (as defined in the Registra- tion Rights Agreement), if any) with a maximum cash interest rate of 14.00% per annum. Any interest in excess of 14.00% (and only such interest in excess of 14.00% per annum) shall be payable by the Issuers through the issuance of Additional Notes in a principal amount equal to the amount of such interest in excess of 14.00%; provided that Additional Interest (as defined in the Registration Rights Agreement) may only be paid in cash and not through the issuance of Additional Notes. The Calculation Agent will, upon the request of the holder of any Note, provide the interest rate then in effect with respect to this Note. All calculations made by the Calculation Agent in the absence of manifest error shall be conclusive for all purposes and binding on the Company and the Holders of this Note.
Yield to Worst. The lowest possible yield that can be received from owning a bond (without actual issuer default), determined by considering all potential call dates prior to maturity.