Quarterly Income Debt Securities


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Quarterly Income Debt Securities

Also called QUIDS. Tradable debt securities representing the debt of a limited partnership. The limited partnership is a subsidiary of another company and exists only for the purpose of issuing the QUIDS. The proceeds from QUIDS are lent to the partnership's parent company. These securities thus combine aspects of stocks and bonds; they pay coupons on a quarterly basis and usually have a par value of $25. They are similar to QUIPS, but, in the event of liquidation, QUIDS have higher priority.
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00% Senior Quarterly Income Debt Securities due 2038 (QUIDS(sm)), which are guaranteed as to payment of principal and interest by The Seagram Company Ltd.
00 percent Senior Quarterly Income Debt Securities due 2038 (QUIDS(1)),which have been guaranteed as to payment of principal and interest by The Seagram Company Ltd.
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