high-yield bond


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Related to high-yield bond: junk 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 ?
All closed end funds, EAD is a closed-end high-yield bond fund that seeks a high level of current income, ERC is a closed-end income fund that also aims at a high level of current income consistent with limiting its overall exposure to domestic interest-rate risk, ERH is a closed-end equity and high-yield bond fund that seeks a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income and EOD is a closed-end equity and high-yield bond fund that aims at a high level of current income and a secondary objective is long-term growth of capital.
And while the risks are still very real, high-yield bond funds continue to deliver hot returns.
Summary: EMEA high-yield bond issuance reached $118 billion in 2014, on par with 2013 issuance.
Currently, high-yield bonds--IOUs issued by companies with dubious credit ratings--yield about 5%, which isn't high by anyone's standards, including those who manage high-yield bond funds.
Unlike actively managed ETFs, most high-yield bond and senior loan index ETFs track passive benchmark indexes that allocate capital based on the market value of index constituents' out-standing debt.
HSBC Holdings (LSE: HSBA) has announced that it has hired a head for its high-yield bond sales in the US.
The high-yield bond market is a lower-risk alternative for investors worried about top-line growth in a sluggish economic atmosphere.
Kerling PLC (Kerling), a subsidiary of Ineos Group Limited, is planning to launch EUR785m high-yield bond.
1 billion of high-yield bond and bank debt, according to S&R That is greater than the dollar value of defaults in 2006 and 2007 combined, and it's more than 25 percent of the $157 billion of high-yield-loan and bond defaults in all of last year.
CREMAC originally had intended to pledge the entire portfolio as collateral in an upcoming collateralized debt obligation (CDO) offering, but the high-yield bond market conditions improved dramatically, making liquidation into the market a far more attractive alternative.
Another test, however, strongly indicates that from the investor's standpoint, there is a sizable equity component in a nonconvertible high-yield bond.
On the other side of the coin, if the economy fails to accelerate, your high-yield bond position could be crimped, but the rest of your portfolio would hold strong.