Refinancing would be advantageous when the discounted cumulative interest
savings exceed the combined costs to refinance of $3,530 ($1,500 closing costs and $2,030 for points).
As of August 31, 2012, the cumulative interest
on RULS owing to KEV's shareholders stood at MYR 619.
This reduces the cumulative interest
component of the bond, which reduces the value of the fund.
The adoption of FSP APB 14-1 required an adjustment of previously reported amounts assigned to the debt portion of the Company's convertible debt and related cumulative interest
Elan also retains ownership of two INEX convertible notes of US$12 million and US$15 million, plus cumulative interest
on each of 7% per year.
As of December 2012, cumulative interest
shortfalls in the amount of $4.
-- the amount paid out to members over the lifetime of the Trust -- topped $1.
Current cumulative interest
shortfalls totaling $1.
Standard & Poor's regards the issue as equity-like, given its 20-year long-term tenor, cumulative interest
deferral, and degree of subordination.
In addition, cumulative interest
shortfalls totaling $23.
As of November 2012, there are cumulative interest
shortfalls in the amount of $18.
75 per share (seventy five cents), and which pays a cumulative interest
rate of 10%.