Meaning of superbond | Babel Free

Definitions

1. A financial instrument that consolidates multiple debts into a single bond.
2. An adhesive force formed by multiple constituent bonds.

Examples

“In January 2013, the government announced that it had reached a deal with creditors to restructure its $544 million commercial external debt, commonly referred to as the “superbond.””

“In 2007 the debts had been aggregated into one superbond, whose interest rate began at 4.5 percent […]”

“As part of that new bond, general obligation holders would have the first claim on government revenues, giving them the highest priority in the superbond structure.”

“Each vertex of the superbond lattice is surrounded by four bonds of the original lattice.”

“The current distribution in one superbond is by definition of the constant-current ensemble given for a unit current flowing through it.”

CEFR level