Last date for submission of paper: unknown; Contact person: Moody's Analytics, Inc.; High Yield Bond Covenants: A Practical Approach will review and analyze the key covenants used in high-yield bond documentation. Whether representing investor or issuer interests, attendees will become familiar with the purpose and structure of high-yield bond covenants through the use of tools and real-life examples. It will focus on recognizing the strengths and pitfalls of covenants and how creative drafting of covenants and definitions can enhance or weaken a covenant’s intent.