Sentences with phrase «subordinated bonds»

Sell this bond and swap it for the recently issued subordinated bonds of The Hanover Insurance Group.

Most of it was writedowns on non-GSE (not Fannie, nor Freddie) residential mortgage bonds, where they bought mezzanine or subordinated bonds.

If or when a credit event does occur with a loan, the recovery rates on bank loans are 86 %, much higher than the recovery rates secured, unsecured or subordinated bonds.

Within this space financial institutions with exposure to Catalonia such as CaixaBank and Banc de Sabadell will be the ones to benefit the most and, in particular, their subordinated bonds spreads are the most likely to tighten as they are most sensitive to news.

There is the Treasury or Government bond, the Zero - coupon bonds, the Fixed rate bonds, the Floating rates notes, the High - yield bond, the Exchangeable bonds, the Convertible bonds, the Inflation - indexed bonds, the Subordinated bonds, the Covered bonds, the Perpetual bonds, the Bearer bonds, the Municipal bonds, the Revenue bonds, and the Social impact bonds amongst others.

It appears subordinated bond investors were not charging enough for the tail risk being assumed.

HT1 Funding Special situation Commerzbank deeply subordinated bond with coupon guarantee.

Subordinate bonds: Bonds that receive high yields in a securitzation (rated BBB and below), but take losses first as losses emerge.

With structured finance, there is loss severity leverage in mezzanine and subordinate bonds.

Mezzanine bonds: If the subordinate bonds get wiped out, the Mezzanine bonds (rated AA and A) are next.

This company, like Principal Financial, bought mezzanine and subordinate bonds in significant measure, though they did slow down after 2005.

I left aside the argument that now shareholders could choose their own income preference, and also that the income from a junior subordinated bond could survive bankruptcy (though unlikely), and could control the company post-bankruptcy (also unlikely).

We are replacing the current dividend and declaring a special payout today — an unsecured perpetual junior subordinated bond that will pay 80 cents quarterly per current share, payable to all current shareholders as of June 1st, 2019.

The last term is the yield on the longest, most subordinated bond or preferred stock a company has issued.

K - Deals are part of the company's business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds.

«Investors have either changed their perception of the risk in those subordinate bonds (non-investment grade) and are willing to accept lower spreads, or investors are looking at fairly unattractive investment alternatives and have decided that CMBS is a good place to be,» says Hurley.

Not exact matches

** From 2017, in accordance with IAS 33, the earnings per share and diluted earnings per share are calculated based on net income (Group share) less the net - of - tax interest paid to bearers of subordinated perpetual notes (hybrid bonds).

Tchir also highlighted the change in the price of Deutsche Bank's junior subordinated perpetual bonds yielding 7.5 %.

By leveling with workers not just as subordinates, but taking a real interest in their lives, managers can begin to foster the type of culture that values social bonding.

In Europe, we like earning spread in supranational, covered and subordinated financial bonds.

Junk bonds are typically subordinated, unsecured debt obligations of the issuer.

We prefer selected subordinated financial debt within European credit and favor high - quality U.S. credit and emerging market debt over government bonds, but credit valuations are elevated across the board.

We estimate recoveries could potentially range from 30 percent or less for subordinate, unsecured or appropriated debt to as high as 100 percent for bonds that are deemed by the courts as secured.

Funding includes financing from NYS Housing Finance Agency tax - exempt tax exempt bonds; HCR subordinate funding of $ 4,375,000 from HFA, $ 2 million through the Homes for Working Families program, $ 250,000 through the Community Investment Fund; $ 10 million Low Income Housing Tax Credit equity; $ 2.5 million State Low Income Housing Tax Credit equity; $ 2.2 million of subordinate funding from Citibank; existing reserves and rental income.

Many studies have shown that dominant individuals, from tribal elders to workplace bosses, are more likely to orchestrate laughter than their subordinates, using it as a means of wielding power either to bond their followers or to divide and rule.

Female bonding also could help offset the disadvantages of low rank by giving subordinate females greater ability to compete for food, or additional pairs of eyes and ears to help spot predators.

The TIFIA loan was issued on a subordinate basis to the senior lien toll revenue bonds.

In addition to the TIFIA credit assistance, the $ 2.9 billion project is funded with $ 200 million in first tier toll revenue bonds, $ 1.9 billion in subordinate tier toll revenue bonds supported by a toll equity loan agreement (TELA) with TxDOT.

The TIFIA loan has been issued on a subordinate basis to the senior lien toll revenue bonds.

We prefer selected subordinated financial debt within European credit and favor high - quality U.S. credit and emerging market debt over government bonds, but credit valuations are elevated across the board.

The manager aims to produce high income returns by investing predominantly in investment grade or high - quality issuers, including the subordinated corporate bond issues of investment grade business.

Benjamin Graham, the father of value investing, was known to hold common stocks, preferred stocks, convertible preferred stocks, mortgage bonds, subordinated debt and convertible bonds.

Common stock is subordinated to preferred stocks, bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater dividend risk than preferred stocks or debt instruments of such issuers.

In the capital structure, preferred shares are subordinate to bank loans and senior corporate bonds, but they are senior to common stock.

Any bond issues that have senior issues ahead are «subordinate.»

An investment newsletter compares the interest rate payable on subordinated notes issued by Company A to corporate bonds issued by Companies B and C. Is this a fair comparison?

On Grantham's comments: my comments Saturday night are pertinent here for two reasons — anyone selling illiquid CDO tranches, subordinated mortgage bonds, etc., immediately prior to the crisis would find two things: 1) the bids were non-existent or really poor, and 2) if the trade did take place, it would be at levels that reset the pricing grid for that area of the market a LOT lower, leaving the remaining securities looking worse, and a diminution of GAAP equity.

The terms of the subordinated notes will be different from those of the corporate bonds.

senior or subordinate or structurally subordinate (a bond of a subsidiary not guaranteed by the parent company)

So long as this remains small, there shouldn't be any large effects on the yields for unsecured bank bonds, both of which are structurally subordinated by the new covered bonds.

Here we compare the features of a capital note issued by a bank and a subordinated note issued by a company, to shares, corporate bonds and bank term deposits.

The CDO manager would say that it depends on the amount of leverage he and his competitors can employ in buying bonds for his deals, and how dearly he can sell his equity and subordinate tranches.

Bonds issued as subordinated debt will pay interest and principal but only after all interest that is due and payable has been paid on any and all senior debt.

Charles Russell Speechlys LLP advised Kreos Capital V (UK) Limited («Kreos») on its $ 21 million senior secured loan to Pharming Group NV («Pharming») and its subscription for $ 6 million subordinated redeemable convertible bond issued by Pharming.

Examines documents such as savings bond applications and safe deposit vault entry and exit records prepared by subordinates

Additionally, rating agencies and bond buyers of subordinated debt are increasingly frowning upon fixed - rate, interest - only loans.

Additionally, analysts expect bond buyers of commercial real estate collateralized debt obligations (CDOs) to demand higher yields for subordinated loan products, which also will increase the cost of mezz.

Over the past six to 12 months, the investor spreads on the subordinate CMBS bonds have tightened considerably, adds Hurley.