Sentences with phrase «unsecured debentures»

Most bonds have no specific security attached to them and really should be called «unsecured debentures.»

He had only just learned something was awry when, as an investor in three of Concrete's buildings, he had received proxy forms asking him to sign over his stakes to a company called Strategic Group in return for unsecured debentures, a kind of IOU not backed by real collateral, promising to pay him 6 % a year.

It asked investors to endorse a resolution to sell five buildings to Strategic Group in return for unsecured debentures.

«Why would I take an unsecured debenture when I actually own a chunk of a building?»

An unsecured debenture usually has a «negative pledge» which prevents the issuer from having assets secured ahead of that issue.

Not exact matches

Under the terms of the transaction, the Purchasers will subscribe for U.S. $ 1 billion aggregate principal amount of 6 % unsecured subordinated convertible debentures (the «Debentures») convertible into common shares of BlackBerry at a price of U.S. $ 10.00 per common share (the «Transaction»), a 28.7 % premium to the closing price of BlackBerry common shares on Novembedebentures (the «Debentures») convertible into common shares of BlackBerry at a price of U.S. $ 10.00 per common share (the «Transaction»), a 28.7 % premium to the closing price of BlackBerry common shares on NovembeDebentures») convertible into common shares of BlackBerry at a price of U.S. $ 10.00 per common share (the «Transaction»), a 28.7 % premium to the closing price of BlackBerry common shares on November 1, 2013.

Unsecured bonds are called debentures; their interest payments and return of principal are guaranteed only by the credit of the issuing company.

You can also download the booklet Investing in unlisted debentures and unsecured notes.

If something goes wrong with your debenture, secured or unsecured note you may be able to recover some of your money.

ASIC has developed some benchmarks that apply to unlisted debentures and unsecured notes to help you assess the risks and decide whether to invest your money.

Debentures, secured and unsecured notes are unlisted investments.

While debentures, secured and unsecured notes may seem very attractive, you could easily end up losing everything if the company or project fails.

See unlisted debentures, secured & unsecured notes for more information.

For more about the risks of debentures and mortgage funds, see our booklets Investing in unlisted debentures and unsecured notes and Investing in mortgage schemes.

Debentures — An unsecured bond not backed by collateral.

For example, common stock is junior to preferred stock, which is junior to unsecured debt such as debentures, which is junior to secured debt.

The debentures and unsecured notes are «unlisted» because they are not quoted (or «listed») and traded on a secondary market, in the way that shares and corporate bonds, for example, are quoted on the Australian Securities Exchange (ASX).

By investing in a debenture or unsecured note, you are lending your money to a business, with all the risks that this involves.

Here's how you can use ASIC's benchmarks to assess the risks in unlisted debentures and unsecured notes:

This booklet looks at unlisted debentures and unsecured notes.

The diagram below illustrates some broad distinctions between debt investments available to investors, including unlisted debentures and unsecured notes, and listed corporate bonds.

The issuer of an unlisted debenture or unsecured note is not subject to stockmarket requirements to make information affecting the price or value of the investment publicly available.

Most issuers of debentures and unsecured notes are not subject to prudential regulation and do not have a government guarantee.

Debentures and unsecured notes are generally a riskier type of investment than term deposits issued by banks, building societies and credit unions that are prudentially regulated in Australia.

Trading in unlisted debentures or unsecured notes is not subject to the ongoing market supervision of ASIC.

ASIC has developed 8 benchmarks that apply to unlisted debentures and unsecured notes to help you assess the risks.

This includes debentures and unsecured notes on issue

Independent guide for investors reading a prospectus for unlisted debentures or unsecured notes.

explain certain indicators or «benchmarks» that can help you assess the risks of unlisted debentures and unsecured notes (see below).

Before you invest in a debenture or unsecured note, it's important to understand the features and risks of the product.

Royal Bank of Scotland (RBS), which as a secured creditor with a debenture over the firm is first in line to receive a payout, has teamed up with unsecured creditors HM Revenue & Customs (HMRC); the managing agent of its Spinningfields premises Muller Professional Services; ING Lease UK; and the landlord of Halliwells» Liverpool office, Bruntwood 2000 Beta Portfolio, to form the committee.