NOUN
- a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
How To Use high-yield bond In A Sentence
- Sometimes, there are very attractive companies that don't have straight high-yield bonds but they do have convertible bonds.
- Earlier this year it redeemed the high-yield bond, cancelled its American listing, and secured High Court approval for a balance-sheet rejig that cleared the way for it to start paying dividends again.
- Merrill is the largest investor in high-yield bonds in the world.
