Sentence examples for tier of debt from inspiring English sources
Indeed, some worry that there is now tier upon tier of debt, as individuals borrow to invest in funds of funds, which in turn borrow to put money into hedge funds that are themselves placing leveraged bets.
Its solution is to require the big global institutions to have an extra tier of debt capital specifically designed to take a hit if the shareholder capital is not sufficient.
The top tier of CDO debt was usually rated AAA because all the other classes had to default before it got hit.
During the roadshow for the deal, the suggested pricing for the mid-tier tranche of debt was 9.5%.
Even so, the presence of the hedge funds, which term themselves the "LT2 Group" after the lower, tier-two class of debt they own, is an embarrassment for the Co-op, which only last month was insisting the only alternative to its complex recapitalisation plan was nationalisation.
In addition they had to keep supplementary "tier-2 capital" (including some kinds of debt, loan-loss reserves and, to please the Japanese, 45% of unrealised gains on securities) equivalent to another 4%.All this was directed at credit risk: the risk that a loan would go bad.
Such has been Blackburn's plight since relegation from the top division in 2012, they now lie ninth in the second tier, reporting debts of £79.8m last month.
It will impose tighter limits on their payroll costs, force them to issue more detailed and more frequent accounts, and make it illegal for a higher tier of government to take on the debts of lower tiers.
$69.4 million of debt securities.
