Finans
Yuksek getirili menkul kiymet
İngilizce: high-yield security
Türkçe Tanım
Yatirim yapilabilir seviyenin altinda (BB+/Ba1 veya daha dusuk) derecelendirilen ve yatirimcilara yuksek kredi riskini telafi etmek icin daha yuksek faiz oranlari sunan bir borc aracidir. Hurda tahvil olarak da bilinen yuksek getirili menkul kiymetler, daha zayif kredi profiline veya daha yuksek kaldraca sahip sirketler tarafindan ihrac edilir. Kaldracli satin almalar, buyume finansmani ve teminataili ust dilim fonlamanin yetersiz kaldigi proje finansmani yapilarinda onemli bir rol oynar.
English Definition
A debt instrument rated below investment grade (BB+/Ba1 or lower) that offers higher interest rates to compensate investors for elevated credit risk. Also known as junk bonds, high-yield securities are issued by companies with weaker credit profiles or higher leverage. They play an important role in leveraged buyouts, growth financing, and project finance structures where senior secured funding is insufficient.