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.
Commenting on their participation at the World Takaful Conference, Malaikah, who is also Chairman of Rusd International Holding Group, said, "With an expanding global footprint, the Takaful industry is well placed to further capitalise on the industry's tremendous growth potential.
Salama has seen double-digit gross premium growth in markets such as Egypt, Algeria and Tunisia, said Malaikah. The trend is expected to continue as demand for Islamic insurance products grow.
"We are thankful to the positive feedback and prompt support we received from the Dubai Financial Market, who duly handled the necessary procedures in order to ensure a smooth and successful name reshuffling", added Malaikah.
Expressing a similar view, Malaikah said: "Salama has been a partner of the WTC since the inception of the conference 6 years ago.
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.
Dr Saleh Malaikah, vice chairman & chief executive officer, Salama Group, said: "Salama has been a partner of the World Takaful Conference since the inception of the conference six years ago."
Jeddah Mayor Adel Fakieh signed the document last week with Saleh Malaikah, CEO of Al-Ruwais Union Company for Real Estate Development, which is going to commence a study of the district over the next two months.
Malaikah, Vice Chairman and CEO of SALAMA Islamic Arab Insurance Company (P.S.C); Dr.
Dr Saleh Malaikah, chairman of Rusd Investment Bank, will deliver a special keynote address at the event.
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.
Jamal Malaikah, president and C.O.O of (NATPET), inked the agreement on 19th Jumada II, 1429 H - 23rd June, 2008, at Public Investments fund offices in Riyadh.