Mandatory Convertible

Mandatory Convertible

A bond that must be converted into common stock in the company issuing it on or before a certain date. An advantage of a mandatory convertible to the investor is the fact that it guarantees a certain return up to the conversion date, after which there is no guaranteed return but the possibility of a much higher return. A publicly-traded company issues mandatory convertibles when it needs to raise the capital provided by issuing stock, but when doing so would put a strain on the price of existing shares.
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commenced a public offering of 2,500,000 shares of its Series D Mandatory Convertible Preferred Stock, par value $1.
a global provider of risk management solutions, today announced the commencement of a public offering of 2,500,000 shares of its Series D Mandatory Convertible Preferred Stock, par value $1.
Provider of risk management solutions globally Assurant Inc (NYSE:AIZ) disclosed on Wednesday that it has commenced a public offering of 2,500,000 shares of its series D mandatory convertible preferred stock of par value USD1.
The company denies the appointment of any legal adviser in connection with bringing in a strategic investor or issuance of mandatory convertible bonds," the company told the Dubai Financial Market (DFM).
M2 PHARMA-January 4, 2016-Teva's offering of ADSs and mandatory convertible preferred shares receives exercise of over-allotment option by underwriters
The meeting of the Board of Directors chaired by Shaikh Khalid bin Mustahail Al Mashani, Chairman, on Wednesday 28 January 2015, approved the 2014 financial results and dividend payout in the form of 25 per cent in cash, five per cent as bonus shares and 15 per cent in the form of mandatory convertible bonds.
Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, has proposed 45 per cent dividend for the year 2014, 25 per cent in cash, five per cent as bonus shares and 15 per cent in the form of mandatory convertible bonds.
BANKING AND CREDIT NEWS-December 11, 2014-FCA prices offering of common shares, mandatory convertible securities
International Resource News-February 15, 2013--Cliffs Natural Resources pricing public offering of common and mandatory convertible preferred shares(C)1994-2013 ENPublishing - http://www.
13 billion ($308 million) of loans from Mubadala Development Co into mandatory convertible bonds as part of a financing accord with the Abu Dhabi investment fund.
7 million shares of its mandatory convertible preferred stock.
Ithmaar Bank chairman Khalid Abdulla Janahi announced that the bank intends, as part of its capital-raising exercise, to offer a rights issue and launch a five-year mandatory convertible sukuk, the Islamic equivalent of mandatory convertible bond issue.

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