reset note

reset note

A debt security with terms that can be reset on one or more dates during the life of the note. At the time the terms are changed, the holder usually has the right to redeem the security.
References in periodicals archive ?
The deferred-cash-payment bond and the reset note were commonly used for these purposes.
Reset Notes. Reset notes have characteristics of both floating- and fixed-rate debt.
To lessen the risk that reset notes will exacerbate financial stress, many issuers place caps on the coupon rate.
Recent developments in corporate finance
London: Fitch Ratings has assigned Griffith Park CLO DAC series of reset notes final ratings as follows:
Net proceeds from the reset notes are being used to redeem the old notes.
Fitch Assigns Griffith Park CLO DAC Final Ratings; Outlook Stable
Clifford Chance has advised Emirates NBD (ENBD) in relation to the issuance of $750 million 4.875 per cent subordinated reset notes due 2023 (the "Notes") under its $7.5 billion European Medium Term Note Programme
Clifford Chance advises on the issuance by Emirates NBD of Subordinated Notes
Needing 95% of the bondholders to accept the offer, CNI said 91.5% of holders of 13% senior reset notes, and 89.4% of holders of subordinated discount debentures had accepted.
Community Newspapers Inc. files Chapter 11
* Remarketed reset notes--GE Capital issued $500 million of remarketed reset notes in late 1987.
Paperless securities - not just for finance companies
CNI recently raised its cash repurchase offer on $125 million in 13% senior reset notes to 75% of face value, from 74.024%.
Community Newspapers Inc. may file bankruptcy
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