Angel

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Angel

An investment-grade bond. Antithesis to fallen angel. In the context of venture capital, the first investor.

Angel

1. Informal for angel investor, which is a high net worth individual who provides financing to a start-up, either in exchange for convertible debt or equity. Among start-ups, they are thought of as a bridge between loans from family and friends and venture capital, though angels are themselves often personally connected to the business. Angels take on a great deal of risk when they invest in these start-ups; they are also subject to dilution at the start-up's IPO. Therefore, they usually require a high rate of return in exchange for their financing.

2. Informal for investment-grade, which describes a bond with a medium or high rating. Angel bonds are rated Baa3 by Moody's or BBB- by S&P or Fitch. Angel bonds are considered sufficiently low-risk that the law allows banks to invest in them. In addition to being low-risk, they provide a low return, greatly reducing the cost on the issuer. All Treasury and most municipal bonds are angel bonds.
References in periodicals archive ?
We thank all our stakeholders and business associates for making this possible," added Dr Malaikah.
In the Masonic Lodge he's reached the 32nd Degree and the Scottish Rite, and is a member of the Shrine Club and Al Malaikah.
Saleh Malaikah, CEO and Vice Chairman of Salama Group, said, "We are concentrating our efforts on cutting-edge initiatives including enhancing our various distribution channels, upgrading our customer service and continuing to invest in our IT solutions and infrastructure.
The achieved growth in our written premium is the result of our dedicated continuous work to prove once again that Salama is the leader in Takaful and Re-Takaful companies worldwide and is among the best Islamic insurance companies, therefore we strive to keep up with our good performance as this increase will leave us with more responsibilities towards investors," said Dr Saleh Malaikah, vice chairman & CEO of Salama.
Malaikah told reporters at the plant that NATPET was using UOP's Oleflex technology to convert propane provided by Saudi Aramco into propylene, which in turn is converted into pp using the Spheripol technology from LyondellBasell, claimed to be the world's pp technology leader.
1 -- color) Al Malaikah Shriners ride their go-carts in figure eights at the Simi Valley Days parade Saturday on Los Angeles Street.
Saleh Malaikah noted that "the Middle East has played a pioneering role in the development of the Islamic finance industry.
Malaikah, chairman, Salama - Islamic Arab Insurance Company, pointed out that though Saudi Arabia has not been unaffected by the global financial crisis, the Kingdom stands in a much healthier economic position than many other markets.
Also present from NCB Capital were Ahmed Farid, NCBC CEO, and Hassan Al-Jabri, head of investment banking, as well as Fahad Siraj Malaikah, Swicorp's executive director and head of capital markets.
WALNUT - Notre Dame High of Sherman Oaks kicker Michael Allen was disappointed Saturday night after his Private Schools team lost 20-13 to the Public Schools in the 52nd annual Al Malaikah Shrine All-Star Game at Mt.
Also present from NCB Capital were Ahmed Farid, NCBC CEO and Hassan Al Jabri, head of Investment Banking, as well as Fahad Siraj Malaikah, SwicorpCOs executive director and head of Capital Markets.