Series bond

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Series bond

Bond that may be issued in several series under the same indenture document.

Series Bond

A single issue of a bond made in two or more tranches. For example, a company may announce that is intends to issue $10,000,000 in bonds in two tranches of $5,000,000. Series bonds are common to collateralized mortgage obligations, which are backed by pools of mortgages. These mortgages are arranged in tranches that mature at different times, for instance, in 10 years, 15 years, and 30 years. See also: Serial bond.
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In addition, JDI resolved at a meeting of the board of directors held on April 12, 2019 to (a) raise funds by way of issuance of new shares through third-party allotment to Suwa, issuance of the 2nd series bonds with stock acquisition rights through third-party allotment to Suwa and issuance of the 3rd series bonds with stock acquisition rights through third-party allotment to Suwa pursuant to the Capital and Business Alliance Agreement (the "Financing"), and (b) amend its Articles of Incorporation with respect to the total number of shares authorized to be issued in connection with the Financing.
The outstanding prior lien bonds (through series 2013) are senior to the new series bonds, which are a second lien obligation.
The Eurasian Development Bank (EDB) announces the closure of its offer book for the initial offering of 11 Series bonds for a total of RUB 5 billion on Moscow Exchange.
Fitch assigned aB+a rating to the coming issue of MBa1 series bonds of Russian Capital; upgraded the credit rating of Latviato aBBB+a.
31 May 2012 - VTB Capital Finance is to begin collecting bids for its eleventh series bonds worth a total RUB5bn (USD149m/EUR121m) on 1 June 2012, the unit of Russian lender VTB Capital said on Thursday.
The $46.4 million in Tax-Exempt and Build America Bonds, which include a refunding portion of $21.5 million, will be used for additions and improvements to the auxiliary enterprise system and will be partially used to refund the 2005A Series Bonds, the release said.
The DuraGrip TPE 6000 and 6300 grades are said to bond well to polypropylene and polyethylene, while the UV-stable DuraGrip TPE 6100 series bonds to engineered thermoplastic materials, including difficult-to-overmold nylon substrates, according to the company.
The balance, $48.35 million, will be used to refinance part of PeaceHealth's Western Lane 1994 Series bonds at a lower interest rate.
D series bonds constitute bonds with amortization every quarter.
Obviously, savings bonds and state and local government series bonds are not readily redeemable before maturity.
The authority initiated the second step of the bidding process by sending a letter to all of the firms, advising them of its plan to go ahead with the forward bond concept and its intention to sell bonds pursuant to a contract of purchase generally similar to that used for the sale of the 72nd series bonds. Proposals for forward delivery bonds were received from nine firms.
Proceeds can be invested in certain instruments to avoid classification as arbitrage bonds: * SLGS: State and local government series bonds issued by the Treasury Department to enable issuers to yield restrict their investments and avoid earning arbitrage profits.