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high-yield bond
(redirected from High-yield debt)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.high-yield bond - a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal


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As far as the outlook for high-yield debt is concerned, it is worth noting that the current cycle has seen default rates rise close to peak levels already.
Consumers who borrowed their way to affluence are saving rather than spending" on discretionary items, says Atteberry, whose fund had as much as 25% in high-yield debt in 2003 and has next to nothing in the sector now.
Using high-yield debt to finance his deals, Ratcliffe started buying unwanted operations from groups such as ICI and BP.
 
 
 
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