"I'm trying to get, like, twice the amount of notes in," he said.
The bid-to-cover ratio, a gauge of demand, was 1.98 times the amount of notes sold, above that of the last seven sales.
It's a very simple image; it's not like my usual thing... it was like a crazy amount of notes within like an hour".
Today there is no longer a formal limit to the amount of notes and deposits that a central bank may have as liabilities.
Whereas other pianists were noted for technical flash and dazzling dexterity, Basie was known for his use of silence and for reducing his solo passages to the minimum amount of notes required for maximum emotional and rhythmic effect.
The Lender Participant Rights are associated with the $500,000,000 in aggregate principal amount of Notes to which this prospectus relates.
Bid-to-cover ratios measure interest in note auctions by comparing the number of bids with the amount of notes sold.
This amount represents the aggregate principal amount of Notes that Prosper expects will be originated on the Platform during the one-year period beginning on the date of this prospectus together with the principal amount of Notes that have been originated on the Platform prior to the date of this prospectus.
In a statement Wednesday, the company said, "the principal amount of notes tendered was substantially less than the amount required by GM to satisfy the debt reduction requirement under its loan agreements with the U.S. Department of the Treasury".
