RUBI CORP CRITERIA ELIGIBILITY 1) Final Obligor Russian corporate entity 2) Currency denomination USD-denominated 3) Current face amount outstanding US$150 million minimum 4) Time until maturity
18 months for new entrants; 12 months for existing 5) Settlement method Must be able to settle internationally 6)Quantifiable source of cash flow Must have a cash flow structure from which a verifiable daily return can be calculated 7) Quoted price availability Bid and offer prices must be available on a daily basis
As you have such a short time until maturity
, I suggest you wait as it is likely you will get a better value then as opposed to surrendering early.
The Federal Reserve Bank would extend credit in an amount that reflected the value of the asset at maturity minus a "discount" based on the Federal Reserve's discount rate and the time until maturity
of the asset.
The higher the coupon rate and the longer the period of time until maturity
, the greater the impact of changes in the reinvestment rate on both future value and yield.
The zero-coupon convertible note is expected to have a five-year maturity and an initial conversion price of $40 per share, which would then decline over time until maturity
00 per share at any time until maturity
on December 31, 2006.