high-yield bond

(redirected from Non-Investment-Grade Debt)
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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 ?
A study of exchange relations in the markets for investment grade and non-investment-grade debt examines this hypothesized relationship between uncertainty and exclusivity.
I studied these exchange relations across two of the primary securities markets, one for investment grade debt and one for non-investment-grade debt, during the period 1981 to 1987.
While the extraordinary expansion in the public market for non-investment-grade debt is partly an outgrowth of the private placement market, the public market has not supplanted the private one.

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