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Bond Covenant
(redirected from Debt covenant)

    Also found in: Wikipedia 0.02 sec.
Bond covenant
A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.
Bond Covenant
An agreement between the issuer and holder of a bond, requiring or forbidding certain actions of the issuer. Positive covenants require actions while negative covenants forbid them. The exact terms of a bond covenant must be written in the bond indenture.
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Moody's explains that the most important debt covenants are capital adequacy ratio (CAR) covenants, which, on average, exist in 20% of banks' market funding and 12% of their total funding.
Debt covenants could add pressure to Russian banks' liquidity, says ... by Financial Mirror (Cyprus)
It reaffirms that it does not believe it is in danger of breaching its debt covenants.
ArcelorMittal gets amendment to debt covenants by Saudi Economic Survey
Despite the downgrade fears, Rexam is not in danger of breaching its debt covenants - the tests applied by lenders that, if breached, give them powers to demand a restructuring or the right to recall the debt.
Can firm's bid to avoid 'junk' credit rating by The Journal (Newcastle, England)
 
 
 
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