Senior bond

(redirected from Senior Bonds)

Senior Bond

A bond that has higher priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of a senior bond must be paid before holders of junior debt. It is a type of senior security. See also: Absolute priority rule.

Senior bond.

Senior bonds offer slightly lower interest rates than subordinated or junior bonds because they are considered less risky.

A senior bond has priority in interest payments, and if a bond issuer defaults, or runs into difficulty paying off debt, holders of senior bonds have a prior claim in receiving whatever monies are available.

References in periodicals archive ?
The automaker had announced last week that it is planning to raise USD500m through senior bonds.
R] The Senior Bonds to be purchased, if any, will be selected as described in the Offer to Purchase.
The senior bonds rating considers the strong payment interruption tolerance from aggregate pledged reserves which total 47% of combined senior bond par outstanding.
600% 1/1/2019 Senior Tax-Exempt Series 1994 A (the "2019 Senior Bonds" and, together with the 2009 Senior Bonds and the 2013 Senior Bonds, the "Senior Bonds") 708690AF9 $6,000,000 6.
The Rating Outlook for the senior bonds and term loan is Stable.
the "Company"), a wholly owned subsidiary of Tommy Hilfiger Corporation (formerly NYSE: TOM), announced today that, in connection with its previously announced tender offer (the "Offer") and consent solicitation for its outstanding 9% Senior Bonds due 2031 (the "2031 Senior Bonds"), it had received, as of 5:00 p.
The information in Northampton's Continuing Disclosure is consistent with Fitch's prior expectations, and no new rating action on the senior bonds is anticipated at this time.
the "Company"), a wholly owned subsidiary of Tommy Hilfiger Corporation (formerly NYSE: TOM), announced today that, in connection with its previously announced tender offer and consent solicitation (the "Offer") for any and all of its outstanding principal amount of 9% Senior Bonds due 2031 (the "2031 Senior Bonds"), the Company has extended the Consent Deadline and Expiration Time (as such terms are defined in the Offer to Purchase and Consent Solicitation Statement, dated April 7, 2006, as amended by the Company's press releases issued on April 21, 2006, May 8, 2006 and May 10, 2006 (the "2031 Senior Bonds Statement")) with respect to the Offer.
Debt service on EFCNYC senior bonds is paid from NYCMWFA loan repayments and reserve earnings.
Extends Tender Offer and Consent Solicitation for 9% Senior Bonds Due 2031
Fitch has evaluated the credit quality of the senior bonds and term loan on a stand-alone basis, independent of ArcLight's credit quality.
85% Notes due 2008 (the "2008 Notes") and 9% Senior Bonds due 2031(the "2031 Senior Bonds" and together with the 2008 Notes, the "Notes") and the related consent solicitations.
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