Reference is made to the announcement by the Company on 24 September 2012 in relation to the proposed issue of convertible bonds
in the principal amount of US$400,000,000 (approximately HK$3,101,240,000) with a fixed rate coupon.
are something of a hybrid investment, combining the steady yield of bonds and the capital appreciation possibilities of stocks.
1) The general consensus appears to be that convertible bonds
are issued because the security permits management to infuse the firm's capital structure with equity through the back door.
Plus, seasoned and high-capitalization companies seeking worldwide securities distribution have begun to offer convertible bonds
to foreign investors in the European bond market, a practice that will almost certainly grow as the securities markets continue to globalize.
Mandatorily redeemable preferred stock, employee stock options, and convertible bonds
may not seem to have much in common.
He joined Deutsche Bank from CSFB in 1996 and has over 14 years experience in convertible bonds
Mittal Steel") proposes to launch a voluntary takeover bid (the "Offer") on all shares and convertible bonds
(called "OCEANE" and referred to below as the "Convertible Bonds
") issued by the Luxembourg limited liability company Arcelor S.
are interest-bearing securities that give the holder the option of surrendering (converting) the bond for a pre-determined amount of stock (usually the issuers).
With the launch of the enhanced convertible bond
data, Reuters customers will have access to the latest terms and conditions data for a broad range of convertible bonds
globally - enabling customers to leverage a full front-to-back service.
27, of which AES's share, approximately US$98 million, will be held in a trust account until the convertible bonds
have been repaid.
Navistar International Corporation (NYSE: NAV) announced today that it has priced $190 million of new senior convertible bonds
to be sold in a private placement.
Miller Tabak Roberts Securities, LLC, or MTR Securities, a leading broker-dealer in high-yield, convertible bonds
, emerging market debt and distressed bank loans, announced the expansion of its New York trading floor by 20% and the hiring of four new professionals.