Sentences with phrase «covered bondholders»

Not exact matches

A review of high - yield debt investments should cover: (1) analysis of the industry, including growth rates, special risks and leading companies; (2) analysis of the bond issuer, including the company's position in its industry; new products; management stability; the outlook for growth in revenues and cash flow as captured in Earnings Before Interest, Taxes, Depreciation and Amortization, also called EBITDA; value of corporate assets and the debt maturity schedule; and (3) analysis of the issue, including special provisions in the «bond indenture,» covenants protecting the bondholder, use of the money raised in bond offerings, debt seniority, secondary market liquidity and call provisions.

If the revenue from the specific project is not sufficient to cover the payments owed to bondholders, then the government entity that issued the bonds is not required to step in and make payments.

But to defend all bondholders of financial institutions at public expense is to commit the future economic output of innocent citizens to cover the losses of mismanaged financial institutions.

The net amount of interest payments from the underlying assets after bondholders and expenses are paid and after all losses are covered.