high-yield bond

(redirected from Non-Investment-Grade Debt)
Also found in: Thesaurus, Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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 ?
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.
The Fund presently invests only about 11% of its assets in non-investment-grade debt as opposed to a 35% maximum allowed.

Full browser ?