Sentences with phrase «which bondholders»

The government will receive shares at a 25 percent discount to the price at which bondholders will be converted.

So there's that, and the worry would be that future issues with any European bank could be resolved in an as - yet - unknown way with respect to which bondholders take losses and which don't.

Not exact matches

Such a solution would stand in contrast to a bondholder «bail - in,» but would perhaps protect Italian households which are heavily exposed to the asset class.

Can they expect the same results they achieved in the case of Argentina, in which a series of bondholder - friendly court verdicts ultimately forced the government to settle?

The move, which has precipitated a massive restructuring of the city's debt, has angered unions and bondholders alike.

But there's a pretty good argument that payments on Argentina's euro - denominated bonds never flow through the judge's jurisdiction: Argentina gives the money to a bank in Buenos Aires, which transfers it to a bank in Frankfurt, which holds it in the name of a bank in Brussels, which transfers it to a London nominee for Belgian and Luxembourg clearinghouses, which pays it to bondholders.

Former rare earths market darling Lynas Corp is deep in talks with its largest bondholder about a potential debt - to - equity conversion for which it will seek shareholder approval in November.

The beneficiaries of falling interest rates have been mainly the bondholders, not new borrowers, because only a fraction of existing debt represents new debt at the recently falling rates — which now are rising once again.

But the operating earnings in the denominator include money that's actually due to bondholders and the government (the sum of which currently represents a record high share of «operating earnings»).

Since corporations have to deliver cash flows both to stock holders and bondholders, the combined financial claims on a company are often measured using «enterprise value,» which includes the value of both.

The issue is the method by which it was rescued - who was protected, and who was not; why a consortium was not used instead of a single firm; why the claims of Bear's bondholders should be secure while the public bears the risk of the toxic waste foisted upon us.

Strauss - Kahn notoriously overrode his staff when they urged the IMF not to capitulate to ECB demands to pay French, German and other private bondholders with Troika bailout loans for which they made Greek taxpayers liable.

Subordinated bondholders and shareholders were essentially wiped out, which is as it should be.

Among the airline's largest bondholders is the government employee pension fund, known as Kumpulan Wang Persaraan, which, according to Friday's announcement, agreed to swap 750 million ringgit, or about $ 240 million, for ordinary shares.

Some big ones are: (a) whether the draft PROMESA legislation raises retroactivity issues that make it unfair to bondholders (including mutual funds and their investors) who may be subject to restructuring ex post without having had notice of that possibility ex ante; (b) relatedly, whether creating a bankruptcy - like restructuring process for Puerto Rico is bad for bondholders because it prevents holdout creditors from holding up restructuring negotiations, (c) how much oversight and sovereignty Puerto Rico should cede (for example, different stakeholders feel differently about the installation of an oversight board); (d) the extent to which austerity measures are feasible and should be imposed [fn1], and (d) and what substantive reforms should be put enacted going forward.

Based on current information, «the GDB, which faces its own liquidity crisis, is not expected to be able to make the payment,» to its bondholders, the statement added.

But it's easy to imagine a scenario in which banks based in the mainland are told it's illegal to participate in processing payments of salaries for Puerto Rico's police officers because Puerto Rico's bondholders have not yet been paid.

Since Congress has, so far, not acted we are now on the precipice of a much more uncertain and chaotic situation in which Puerto Rico will attempt to selectively cancel debts and bondholders will seek to use the federal courts to block the Puerto Rican government from operating until it pays up.

However, Ms Lacaze told The Australian Financial Review if two of the largest bondholders, Mt Kellett and Fortress, which formed a strategic alliance in 2015, were to convert 100 per cent of the bonds and exercise all of their warrants they would emerge with more than 40 per cent of the company's equity but she added a further shareholder approval would have to be sought for a conversion of that extent.

The owner of the parking garages for the new Yankee Stadium is expected to default on a $ 6.8 million interest payment come April 1, which could result in a seizure by bondholders, Crain's reported.

On the other hand, a secured bond is a bond in which specific assets are pledged to bondholders if the company can not repay the obligation.

Fundamentally stocks allow investors to own a part of the company while bonds are a debt which pays interest payments to bondholders.

Trust Indenture Act of 1939: The federal law requiring all bond issuers to create a trust indenture, which is the contract between the issuer and the bondholders.

In general, the effect of the election is to slightly decrease the rate at which the market discount is deemed to accrue, which will generally produce a beneficial result for the bondholder by reducing the amount of ordinary income recognized on a sale of the bond prior to maturity.

Unlike stocks, which represent ownership in the underlying company, bondholders are creditors of the issuer — meaning that those holding the bonds are lending money to the issuer.

Bondholders are paid a coupon or interest each year until maturity, at which time your initial investment also is paid back in full.

Coupon rate: Some bonds have an interest rate, also known as the coupon rate, which is paid to bondholders semi-annually.

Preferred shares entitle you to a specific amount if the company was to close its doors, but you would only get paid once all bondholders and other creditors have received their share of the assets, which could affect the amount that is distributed.

That enriched existing bondholders, while also boosting enthusiasm for stocks, which appeared more attractive as bond yields declined.

While municipal bond issuance increased considerably during November and December in anticipation of Tax Reform and revised tax - exempt status for certain issue types, we would expect that, post signage, longer term supply should begin to decline which, of course, should prove favorable for bondholders.

The two securities to look at are CDCO.OB (the new common stock of Comdisco that was issued to the old bondholders) and CDCOR.OB (The old equity interest in Comdisco which share in proceeds of the liquidation of Comdisco after a certain $ $ amount has been paid to the holders of CDCO.....

Financial risk also refers to the possibility of a corporation or government defaulting on its bonds, which would cause those bondholders to lose money.

The issue is the method by which it was rescued - who was protected, and who was not; why a consortium was not used instead of a single firm; why the claims of Bear's bondholders should be secure while the public bears the risk of the toxic waste foisted upon us.

For newly issued BBB bonds, there is an increase in change of control covenants, which would allow bondholders to sell their bonds at investment grade levels (if not better) in a takeover.

Bonds claim to provide a specified rate of return over the life of the bond, which allows bondholders to anticipate how much money they will make and how steady their stream of income will be.

The company worked out deal with some of its priority bondholders (folks who own almost $ 2 billion of Arch debt) which included a formal restructuring under the supervision of a bankruptcy court.

Burch & Cracchiolo attorneys represent Phoenix secured and unsecured lenders and lender groups, as well as landlords, trade creditors and bondholders, in the full range of litigation matters that start or end up in bankruptcy court or which arise out of insolvency issues.

The surprise decision upholds a unanimous decision last month by five Quebec Court of Appeal judges, in which the court overturned a Quebec Superior Court ruling that had endorsed the BCE takeover and dismissed the objections of Bell bondholders concerned the deal would harm the value of their investment.

White & Case's restructuring lawyers, meanwhile, continue to be busy, picking up assignments for life sciences solutions company Novasep and bondholders of Residential Capital, the embattled mortgage unit of Ally Financial, which is being urged to stand behind its struggling subsidiary.

Acceptance of the deal also depended heavily on clients» and bondholders» confidence in the negotiated solution which they approved after execution.

For an investing plan, it is the date on which the issuer of the bond must repay the bondholder the borrowed amount.

«As such, we are concerned that a cryptocurrency could provide Maduro a mechanism by which to make payments to foreign lenders and bondholders in the United States, actions that would clearly thwart the intent of U.S. - imposed sanctions.»

On the other hand, a secured bond is a bond in which specific assets are pledged to bondholders if the company can not repay the obligation.

But the bondholders, which included a unit of Chicago - based CNA Financial Corp. and municipal bond funds managed by Putnam Investments and Vanguard Group Inc., earlier this year sold their stake to the Walton Street joint venture, according to court records.

Premiums — the extra interest that bondholders demand to account for the extra risk tied to real estate — have shrunk, which means lower borrowing costs for landlords.

Bond: Evidence of debt in which the issuer promises to pay bondholders a specified amount of interest and to repay the principal at maturity.