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LYON |
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LYON LYON 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The affirmation follows the expected departure of tenant Credit Lyonais (17% of rent roll), now Calyon, in September 2005, representing 27,664 sq metres. The strategy includes building on the strong resources already present in the Canadian department, including expanding sector coverage to a North American basis (as opposed to only Canadian), partnering with our research team in the United States as well as the recently announced cooperation agreement with Credit Lyonais Securities Asia, and selective hiring where there is a good fit between the franchise strength of the incoming analyst and the other resources already present within the firm. In the last ten years, Odner has worked as chairman for Altus Nord AB, a wholly owned subsidiary of Credit Lyonais Bank in Paris, mainly taking care of their property investment portfolio in Scandinavia. |
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