Sentences with phrase «hold auction rate»

As of February 28, 2009, DITC continued to hold auction rate securities with a par value of $ 13.7 M.

As of November 30, 2008, we continued to hold auction rate securities with a par value of $ 17.4 million.

As of October 31, 2008 the Company held auction rate securities with a par value of $ 18.8 million, which are included in short and long - term investments.

DTIC is holding some auction rate securities they have written down substantially, and in the most recent quarter made a minor disclosure (for the first time?)

Not exact matches

Although rates on federal student loans are fixed for life, rates for new borrowers are reset annually, based on the outcome of an auction of 10 - year Treasury notes held in July.

Even with the rate cut view for the longer run maintained by the market, there were no takers for 12 - month treasury bills in the latest MTB auction held on May 28, 2014.

Successful auctions are not guarantee a successful auction; auctions can fail and, in the event of a failed auction, existing investorsmay not sell, but instead may continue to hold all or part of their ARS at the maximum rate, as described in the offering documents.

Due to recent liquidity issues, certain of the auction rate securities MEMS holds have failed at auction, meaning that the amount of securities submitted for sale at auction exceeded the amount of purchase orders.

If an auction fails, the issuer becomes obligated to pay interest at penalty rates, and all of the auction rate securities MEMS holds continue to pay interest in accordance with their stated terms.

As a result, MEMS has classified the $ 5.8 million of auction rate securities it held at September 30, 2008 as long - term investments.

Maximum rate of 18.00 % Variable APR *** The variable APR is subject to change quarterly and is based on the first 6 - month Treasury Bill Auction held each quarter which establishes the index.

The government yesterday injected $ 20 billion into the interbank lending market via central bank and Finance Ministry auctions in a bid to contain soaring borrowing rates as credit dried up in the wake of the Lehman Brothers Holdings Inc. bankruptcy.

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage - backed securities in agency mortgage - backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way.

As of October 31, 2008, we held five additional auction rate securities with a par value of $ 8.8 million (eight additional auction rate securities with a par value of $ 24.3 million as of April 30, 2008) which continue to be rated AA or better but failed to settle since the fourth quarter of fiscal 2008.

We have concluded that no other - than - temporary impairment losses occurred for the auction rate securities that began to fail to settle in fourth quarter of fiscal 2008 because we believe that the decline in fair value is due to general market conditions, these investments are of high credit quality, and we have the intent and ability to hold these investments until the anticipated recovery in fair value occurs.

Per legislation signed into law in 2013, the rates are based on the high yield of the 10 - year treasury note during the last auction held before June 1.

More than $ 300 billion of auction - rate securities are held by investors ranging from mutual funds and big institutions to wealthy individual investors, according to Moody's Investors Service.

The securities are long - term bonds sold by issuers such as municipalities, arts organizations, universities and closed - end mutual funds like Nuveen Investments and BlackRock with interest rates reset in auctions held every seven to 35 days.

Investors holding auction - rate bonds issued by municipalities, schools and others will have to wait for «natural buyers» to return to the market before auctions return to normal, Mr. Hoekstra said.

At April 30, 2009, all of DITC's short - term and long - term investments were held in corporate notes and asset backed auction rate securities.

Since the last legal auction was held in 2008, conservationists report that instances of poaching and illegal trafficking have increased at a startling rate.

Consulting firm Ernst & Young will hold a series of auctions in Sydney to sell 24,518 bitcoins ($ 12.9 million at current exchange rate).