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Phrases with «debenture»

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A debenture is a type of financial instrument that represents a loan agreement between an investor and a company. It is a form of debt, where the investor lends money to the company for a specific period of time and in return receives regular interest payments. It is like an IOU that ensures the investor will be paid back their initial investment along with interest. Full definition

Adjective + «debenture»

convertible

Sentences with «debenture»

  • Chapter 18, of 1918, The Halifax Disaster Provincial Loan Act was passed which in s. 3 stated «The sum realized from the sale of debentures of Nova Scotia or of Nova Scotia stock issued for the purpose of raising the said sum of one hundred thousand dollars, or any part therof, shall be paid into the Provincial Treasury and shall be paid and applied for purposes in connection with conditions created by the explosion in Halifax Harbour on the 6th day of December, A.D., 1917.» (slaw.ca)
  • The $ 700 million in long - term debt is comprised of a $ 325 million note with a 6.75 % coupon due in 2019 and $ 375 million in convertible debentures with 2.5 % coupons due in 2013. (longtermvalue.wordpress.com)
  • The Hanover Insurance Group, Inc. (THG) announced that it has priced a registered offering of $ 175 million of subordinated debentures due March 30, 2053 with a coupon of 6.35 %, and redeemable in whole or in part after March 30, 2018 at a redemption price equal to their principal amount. (alephblog.com)
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