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 junk bond In A Sentence
- The biggest determinant of junk bonds' success is the health of the economy and company profits. Times, Sunday Times
- Junk bonds roared back into favour in the USA during the 1990s but the market has since hit a sticky patch.
- Junk bond fund flows reversed, with outflows of $319 million this week.
- That is why it is now a junk bond. Times, Sunday Times
- That is why it is now a junk bond. Times, Sunday Times
- He had invested heavily in risky assets like junk bonds.
- Still, demand for most junk bonds is still strong, because investors keep putting cash into high yield funds.
- Salomon Brothers, slow to learn about take-overs and largely absent from the junk bond market, missed the bonanza.
- Kroger, a client of Goldman Sachs, has become the country's second-largest grocery chain with the help of junk bonds.
- Indeed, when junk bonds and risky securitization issues go wanting, such risky loans are increasingly funneled through asset-backed conduit programs.
