high-yield bond

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Related to High-yield debt: Junk bonds
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  • noun

Synonyms for high-yield bond

a (speculative) bond with a credit rating of BB or lower


References in periodicals archive ?
CIBC World Markets, a unit of Canadian Imperial Bank of Commerce (CIBC) (NYSE: CM) (TSX: CM), has appointed Craig Wilson as head of North American high-yield debt trading operations.
Moreover, high-yield debt has outperformed investment-grade debt, and tighter monetary policy does not seem an immediate prospect, which should help the asset class.
And before long, new high-yield debt issuances had fallen from a high of $130 billion at their peak in 1998 to just $60 billion as recently as 2002.
Sales of high-yield debt increased significantly this year because of low interest rates and rising inflation.
This month's column summarizes three SOPs on investment company accounting for high-yield debt securities; income, capital gain and return of capital distributions; and foreign currency and another SOP that rescinds Accounting Principles Board statements.
issuers, including initial public offerings, convertible offerings and high-yield debt financings, as well as leveraged finance transactions and advisory assignments, in a range of industries for financial institutions and companies in New York and London, such as The AES Corporation, Bank of America, Burger King, Credit Suisse, DaimlerChrysler, Greenhill & Co.
This action eliminates the expensive high-yield debt issued in 2002, reduces our net interest expense dramatically and contributes to our ongoing efforts to strengthen our financial position.
This action completes the retirement of expensive high-yield debt issued in 2004," said Karen R.
He has recently advised on the initial public offering (the largest in 2004) and follow-on debt and equity offerings by Genworth Financial; the initial public offering by Submarino; a high-yield debt offering by Cosan; convertible preferred and high-yield debt offerings by Celanese; and debt and/or equity offerings by Bunge, Cinergy, Home Depot and McMoRan.
The fund invests primarily in collateralized debt obligations (CDOs) backed by high-yield debt, bank loans, and emerging market bonds.