Unsecured Loan Stock


Also found in: Acronyms.

Unsecured Loan Stock

A loan made to a company with no collateral. In many respects, unsecured loan stock behaves like a bond (both offer fixed returns, have maturity dates, and so forth). However, unlike a bond, in the event of default or liquidation, the holder of unsecured loan stock does not have a claim on the company's assets. For that reason, unsecured loan stock carries higher risk than a bond. Despite the name, it has nothing to do with shares of stock.
References in periodicals archive ?
Last week, Hanafin announced that, following an announcement by Geong on 14 September 2015 regarding the directors' belief that an unquantified but significant provision against the carrying value of the accrued income and trade debtors will be required, those discussions have not been concluded such that Hanafin is able to make an offer for Geong at this time or to elect for the GBP 1m convertible unsecured loan stock which it is holding, to be converted.
4m) Redeemable Unsecured Loan Stocks (RULS) while upgrading its rating outlook to "stable" from "negative".
0 million and classification of the amount of coupon payable under the redeemable convertible unsecured loan stocks (RCULS) as part of equity.
22 December 2010 - MARC today maintained its BB- rating with "negative" outlook on Olympia Industries Berhad's (KUL:OLYMPIA) outstanding MYR73m (USD23m/EUR18m) nominal value Redeemable Unsecured Loan Stocks (RULS).
The plan entails a refinancing and full redemption of the Senior Sukuk via a MYR 400 million Syndicated Term Loan (STL) and MYR 263 million of Redeemable Convertible Unsecured Loan Stocks.
5 February 2010 - Malaysian Rating Corp (MARC) cut to B from BB- the rating on the redeemable unsecured loan stocks (RULS) of local diversified holding company DutaLand Bhd (KUL:3948).