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Debenture stock
(redirected from Debenture Stocks)

   Also found in: Financial 0.01 sec.
1.(Finance) The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament.


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Each of these two debenture stocks will be redeemed at par together with accrued interest up to and including the redemption date of 1 October 2010.
8 ===== ===== Cash Flow Statement Year to Year to 31 January 31 January 2004 2003 [pounds sterling]'000 [pounds sterling]'000 Revenue Activities Dividends and interest received from 2,946 3,802 investments Interest received on deposits and other 969 1,203 income Expenses paid, allocated to revenue (515) ( 554 ) _______ _______ 3,400 4,451 _______ _______ Servicing of Finance Interest paid on Debenture stocks (2,170) ( 2,773 ) Non-equity share dividend paid: 3.
Gearing Risk The Company has the ability to invest up to [pounds]200 million from its Debenture Stocks in the equity market.
 
 
 
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