high-yield bond

(redirected from Non-Investment Grade Debt)
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Related to Non-Investment Grade Debt: junk bond, bond rating, High Grade Bonds
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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 ?
Onex' platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies and Gluskin Sheff's actively managed public equity and public credit funds.
These strengths are somewhat offset by the relatively high investment exposure to equity, funds and non-investment grade debt driving the HRA per cent of shareholders' equity to 120.3 per cent.

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