Tranche

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Tranche

One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics.

Tranche

A part of an issue. A tranche sometimes refers to a single issue of a security released at different times. For example, a company may announce that is intends to issue $10,000,000 in bonds in two tranches of $5,000,000. Tranches are important 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.

tranche

A class of bonds. Collateralized mortgage obligations are structured with several tranches of bonds that have various maturities.

Tranche.

Certain securities, such as collateralized mortgage obligations (CMOs), are made up of a number of classes, called tranches, that differ from each other because they pay different interest rates, mature on different dates, carry different levels of risk, or differ in some other way.

When the security is offered for sale, each of these tranches is sold separately.

Similarly, a large certificate of deposit (CD) may be subdivided into smaller certificates for sale to individual investors. Each smaller certificate, or tranche, matures on the same date and pays the same rate of interest, but is worth a fraction of the total amount.

tranche

A class of securities. Collateralized mortgage backed securities are usually divided into tranches according to seniority and risk.

References in periodicals archive ?
The Bank of Tokyo-Mitsubishi UFJ, a banking unit of Mitsubishi UFJ Financial Group Inc (MUFG) (NYSE: MTU) (TYO: 8306) (8306.MU), has offered straight corporate bonds via three tranches, Dow Jones has reported, citing a lead manager for the issue.
A 35th minute penalty by Shaun Williams was enough to secure the points for Tranch United in the 1-0 win over Lower New Inn.
But Tranch failed to overhaul the top three with their points pocketed keeping the club in fourth spot.
Tranch United had Andrew Hayes sent off after 25 minutes for a second bookable offence.
Division One P W D L F A Pt Govilon 2 2 0 0 8 1 6 Race 2 2 0 0 6 4 6 Tranch Utd 3 2 0 1 7 6 6 Panteg 3 2 0 1 4 4 6 Owens Corning 3 1 2 0 6 2 5 Usk Town 1 1 0 0 4 1 3 Mardy 1 1 0 0 4 3 3 New Inn 2 1 0 1 4 5 3 Gilwern & Dist 1 0 1 0 1 1 1 Goytre 2 0 1 1 1 2 1 Fairfield Utd 1 0 0 1 1 2 0 Little Mill Utd 3 0 0 3 7 10 0 Pontypool Town 2 0 0 2 2 7 0 Sebastopol 2 0 0 2 1 8 0 Division Two Prescoed 3 2 1 0 10 3 7 Gilwern B 2 2 0 0 9 3 6 Owens Corn B 2 2 0 0 7 4 6 Aber Thursdays 1 1 0 0 5 1 3 Govilon B 2 1 0 1 6 4 3 Clydach 1 1 0 0 2 0 3 Llanarth 2 1 0 1 6 5 3 Trevethin OB 2 1 0 1 3 7 3 Lower New Inn 2 0 1 1 1 3 1 Blaenavon Bl 2 0 0 2 3 7 0 Sebastopol B 1 0 0 1 1 5 0 Cwmffrwdoer 2 0 0 2 3 8 0 Pontypool B 2 0 0 2 2 8 0
55% for the new 5-year and long 10-year tranches, respectively, representing price tightening of 25 bps from initial guidance, for each of the tranches.
The remaining balance of the bonds shall be lodged under the SEC's shelf-registration program and may be raised in future tranches, it said.
"We shall release the grain in three tranches of 40:40:30 per cent as we monitor the situation in the market, we don't want to release the entire stocks at once," said acting managing director Zakayo Magara.The NCPB said grade one maize would, however, not be sold to the millers but instead it would be given to schools and other government institutions.
New Delhi: Private sector lender Yes Bank said it has sold over 2 percent stake in Fortis Healthcare Ltd (FHL) in tranches.
The report issued by the ministry, which Daily News Egypt obtained a copy of, stated that two tranches of T-bonds worth $2.57bn were floated in 19 November 2018.
As partial consideration for establishing the credit facility, Prometic has granted SALP an initial 10m warrants with an exercise price of CDN 1.70 per common share with a term expiring June 30, 2026, alongside an additional 44 million warrants at the same exercise price and term, which will vest in tranches each time Prometic draws an additional amount of USD 10m (CDN 12.5m) under the credit facility.
In connection with the credit facility's partial consideration, the company has granted Structured Alpha LP an initial 10m warrants with an exercise price of CAD1.70 per common share with a term expiring 30 June 2026, alongside an additional 44m warrants at the same exercise price and term, which will vest in tranches each time it draws an additional CAD12.5m under the credit facility.