high-yield bond

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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
References in periodicals archive ?
Thursday as it gave the companies their first ever junk ratings.
There are going to be people who are forced sellers now with two junk ratings," said a trader.
The notes, which have junk ratings of Caa2 by Moody's and CCC by S&P, fall due on 29 June 2015.