In structured finance, a tranche, sometimes spelled traunch or traunche, is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, section, series, or portion, and is cognate to English trench ('ditch'). In the financial sense of the word, each bond is a different slice of the deal's risk. Transaction documentation (see indenture) usually defines the tranches as different "classes" of notes, each identified by letter (e.g., the Class A, Class B, Class C securities) with different bond credit ratings (ratings).
Posts about Tranches
  • Twitter Eyes $1.5 Billion Debt Offering

    … Twitter is looking to raise up to $1.5 billion in cash through debt markets for the first time, reports Bloomberg. In a regulatory filing submitted yesterday, Twitter has revealed that it will sell $650 of convertible U.S. bonds in two tranches – one maturing in five years, and a second that will mature in seven years. The offering could…

    Shea Bennett/ AllTwitterin Social Twitter- 4 readers -
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