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LYON
(redirected from Lyonais)

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LYON
See: Liquid yield option note
Liquid Yield Option Note
A convertible, callable, and putable zero-coupon bond. A LYON is a bond that is convertible to common stock and may be bought or sold as an option, but which does not pay interest. Because it pays no interest, it is issued at a considerable discount from par value of the bond. This guarantees a positive return to the investor, at least until such time as it becomes profitable for the investor to put the bond back to the issuing company for an amount over the issue price. Generally, the total return on a LYON is less than that of the company's common stock, assuming the company does well.
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When the French government nationalised Crédit Lyonais, the opposite applied, with the people running the bank believing the state guarantee gave them the security to take ridiculous gambles with taxpayers' money, including buying a Hollywood film studio, with predictably disastrous results.
The financial crisis has exposed the bankruptcy of New Labour ... by guardian.co.uk / guardian.co.uk
Stephen Weatherill and Mr Jean-Louis Dupont, who was counsel in Bosman and who now counsels the G-14 in the FC Sporting Charleroi and FC Lyonais cases versus FIFA on the mandatory player release system for international matches.
Editorial by The International Sports Law Journal
Virtually each city block in the centre sports ambitious reconstruction projects, a hard-working population, and well-known international names (ranging from Benneton and McDonald's to Credit Lyonais and Anderson Consulting).
The Czech miracle: impressive numbers, unhappy idealists by Sebastian, Byron / Contemporary Review
 
 
 
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