superbond

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