The payment was made by an investment bank for the right to purchase and remarket the bond.
The investment bank effectively exercises the option when it exercises its right to remarket the bond.
Many issuers characterize the amount received for the dealer's right to purchase and remarket the bonds as an option payment.
AGUS"), announced that the companies expect to remarket on May 24, 2012 AGUS's 8.
These risks and uncertainties include, but are not limited to, those resulting from Assured Guaranty's ability to remarket the Notes successfully and other risks and uncertainties that have not been identified at this time, management's response to these factors, and other risk factors identified in Assured Guaranty's filings with the Securities and Exchange Commission.
Holding company of electricity providers, Great Plains Energy Incorporated (NYSE:GXP) stated on Friday that it will remarket
its currently outstanding USD287.
STO:ALIVSDB)(NYSE:ALV) - the worldwide leader in automotive safety systems - announced today that it intends to remarket its 8% senior notes due on April 30, 2014 ("Senior Notes") beginning on March 12, 2012.
LLC as remarketing agent (the "Remarketing Agent" or "Morgan Stanley") will attempt to remarket the Senior Notes.
Autoliv Inc (STO: ALIVSDB) (NYSE:ALV), a provider of automotive safety systems, announced today that it intends to remarket its 8% senior notes due on 30 April 2014, beginning on 12 March 2012.
For up to three business days from 12 March 2012, Morgan Stanley & Co LLC as remarketing agent will attempt to remarket the senior notes.
Global Banking News-2 May 2008-Wells Fargo remarkets
floating rate convertible debentures(C)2008 ENPublishing - http://www.