Sentences with word «debenture»
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
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.»
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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.
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.
Bonds and debentures in default of interest trade flat.
BESTrustees received the most votes for top independent trustee with Law Debenture as runner up.
The current debenture rates for this month are in the table below.
In this project, CCIC successfully offered on a foreign market US$ 300 million worth of 10 - year high - grade debentures with a yield of 4.75 %.
Credit - opportunities funds invest in corporate debentures and bonds having low credit ratings to generate higher returns.
Cholamandalam Investment and Finance Company, key stake holder in the Cholamandalam Insurance JV, has stated that it would raise up to Rs. 6, 7 00 crore in various slots by issuing 60,000 secured redeemable, non-convertible debentures valued at Rs. 10 lakh.
Unsecured bonds are called debentures; their interest payments and return of principal are guaranteed only by the credit of the issuing company.
It asked investors to endorse a resolution to sell five buildings to Strategic Group in return for unsecured debentures.
The major change to the balance sheet since we opened the position was CRGN's February repurchase of $ 4.8 M of its 4 % convertible subordinated debentures due February 2011, for an aggregate purchase price of $ 3.8 M, which reflected an aggregate discount from the face value of such 2011 notes of approximately 21 %.
Cation is led by Sandy Edmonstone, a former Macquarie Capital Markets investment banker who, along with others, played a pivotal role in ensuring debenture holders of Twin Butte Energy received full value when that company entered receivership in 2016.
Sometimes you might have noticed a Company issuing both Corporate Fixed Deposits and also Non Convertible Debentures at the same point of time.
Because debenture bonds fall into this category, they are placed on the balance sheet in the long - term liabilities section.
While holders of Subordinated Debentures do enjoy a legally enforceable contractual right to cash payments, as a practical matter, having that enforceable right usually is akin to having the right to commit suicide because a Subordinate's rights to cash payments virtually always are subrogated to the senior debts» rights to priority payments.
We specialize in trade execution; You can trade equities, equity options, ETFs and exchange - traded debentures on major North American markets via our powerful trading engine.
Listed Debentures: Holding period 1 year to qualify as LTCG.
These would include funds such as convertible debenture funds, preferred share funds, floating rate funds and inverse return funds.
It also said that in some cases the digital tokens may be considered debentures, liabilities, or debt owed by the issuer; in other cases, digital tokens may be considered a «collective investment scheme (CIS).»
Many banks will now not provide partner capital loans where they are also the primary lender to the firm and now look to take debentures as security, which was very rare pre-Halliwells.
On the whole, university loans are of a traditional mortgage nature, with funds secured against assets although there have been instances of more complex arrangements including debentures and securitisation of residential income streams.
Granada Group Ltd v The Law Debenture Trust [2015] EWHC 1499 (Ch) Acted for ITV in seeking to challenge the validity of security granted in respect of senior executives» pension arrangements.
Companies or governments use debentures to borrow money.
The maximum SBA debenture generally is $ 750,000 (up to $ 1 million in some cases)» ¦.
One advantage of this particular type is that, upon liquidation, a trust preferred's debentures generally rank as junior debt, ahead of a company's traditional preferred or common shares.
A Typical 504 project includes: 1) a loan extended by a commercial bank with a first lien on the asset financed; 2) a second lien loan secured from a CDC with a 100 percent SBA - guaranteed debenture for up to 40 percent of the total cost; and 3) an equity investment of at least 10 percent from the borrower.
We've had to do the letters of credit and also debentures which is capital markets ready.
PR WEB - Jan 17 - Mobile dating app Clover has closed a $ 7M equity and convertible debenture financing.
An income fund would mainly buy debt instruments like debentures and bonds.
Fund investments in these credits in recent years have included Anglo Energy Secured Income Notes (now Nabors Industries), Johns - Manville Debentures, Mission Insurance Group Notes, LTV Steele Trade Claim, Public Service Company of New Hampshire Second Mortgages and Public Service Company of New Hampshire Third Mortgages.
An unsecured debenture usually has a «negative pledge» which prevents the issuer from having assets secured ahead of that issue.
It's different from debenture stock because it's not required to be secured by any asset.
«Why would I take an unsecured debenture when I actually own a chunk of a building?»
Announces Effectiveness of Previously Filed Registration Statement for Resale of 0.50 % Convertible Senior Debentures
I'm just not convinced you can be sure that the interest payments will keep coming, especially with some of those smaller debenture companies.»
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Payments on the bonds or debentures pass through the trust to individual investors on a semi-annual basis.
Another factor that lowers the company's tax bill is its unique convertible debentures strategy, says Alex Avery, an analyst with CIBC.
Excluding, a one - time non-cash debenture charge and restructuring charges, the company reported a profit of 1 cent a share.
From that perspective, Troy concluded that convertible debentures made the best sense for KnowledgePoint and its prospective investors.
They claim, among other things, that a 2009 prospectus offering $ 350 million of debentures failed to contain «full, true and plain disclosure of all material facts.»
An agreement allows conversion of assets into cash allows a stockholder to convert investments in stock or debentures into cash.