bond indenture


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Related to bond indenture: Serial bonds, sinking fund bond

Bond indenture

Contract that sets forth the promises of a bond issuer and the rights of investors.

Indenture

A contract for a bond. An indenture sets the terms of the bond; for example, it includes the coupon rate, the period until maturity, and whether the bond comes with any special features like convertibility or whether it is callable. All bonds must have an indenture. Indentures are usually summarized in a bond's prospectus.

bond indenture

See indenture.
References in periodicals archive ?
Specifically, Fitch believes that the tribe has exhausted its capacity to issue debt under the completion financing bucket of the gaming enterprise revenue bond indenture, which permitted the incurrence of up to $25 million in debt without demonstrating compliance with the additional bond test (ABT).
Based on March 31, 2009 latest 12 months (LTM) EBITDA, debt service coverage as calculated per the gaming enterprise bond indenture was 2.
Fitch Ratings has examined LBO risk for the company by assessing the level of bondholder protection provided by bond indentures, specifically change of control provisions and limitations on secured debt.
Some bond indentures containing anti-takeover covenants have been written in such a way that the bonds are nonredeemable for a period of years.
In addition to a lower cost of capital, investment grade companies also enjoy fewer covenant constraints in bond indentures and loan agreements and typically require less security in the form of collateral than their speculative grade counterparts.
If instructed by Blackstone, the merger agreement calls for Hilton to pursue debt tender offers and/or consent solicitations with respect to some or all of the senior notes issued under both the April 1997 and April 2003 bond indentures.
More broadly, this development signals the possibility of widespread omission or elimination of financial covenants in REIT bond indentures going forward.
s (Motorola) market capitalization over the past few months to below $50 billion, Fitch Ratings has examined LBO risk for Motorola by assessing the level of bondholder protection provided by bond indentures, specifically change of control provisions and limitations on secured debt.