Exchangeable

Applies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms. Most often used when a corporation has an immediate need for equity capital and a low tax rate, and expects either or both conditions to change. This would make the debenture less attractive if the interest tax-deductibility is lost.

Convertible

A bond or preferred stock that may be exchanged for common stock in the company issuing the convertible at a certain ratio and/or a certain price. A convertible security gives the holder a great deal of flexibility. It reduces risk by guaranteeing a coupon payment or dividend while also allowing the holder to take advantage of a potential, larger return through the ability to convert the security. See also: Convertible option.

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References in periodicals archive

Forward-looking information contained in this release includes, but is not limited to, statements with respect to: (i) the ability of Intertain to implement the redemption of the Exchangeable Shares on the terms and timeline anticipated by Intertain, (ii) the delisting of the exchangeable shares, and (iii) the ability of the Group to reduce its administrative and compliance costs in Canada.

JPJ Group plc - Early redemption of exchangeable shares approved Redemption date for Exchangeable shares expected to be in January 2020

The exchangeable bonds to be issued, he said, will be "convertible directly to the hospitals - to the hospital holding company MPHHI."

MPIC slates IPO, exchangeable bond issue for hospital unit

The FinanceCo 2 Exchangeable Notes will be general unsecured obligations of FinanceCo 2, and the FinanceCo 3 Exchangeable Notes will be general unsecured obligations of FinanceCo 3.

IAC proposes private offerings of exchangeable senior notes

The KRF indicates the amount of K fertiliser required for a unit increase in exchangeable K.

Accounting for potassium reserves and fixation in developing sugarcane fertiliser requirements

--$199,742,000 class 1A-I3 notional exchangeable notes 'BBsf'; Outlook Stable;

Fitch Rates Connecticut Avenue Securities Trust Series 2018-R07

The Debentures will be exchangeable at the option of holders during specified periods.

Liberty Media proposes private offering of exchangeable senior debentures

[sup.1]H-NMR (DMSO-[d.sub.6]) [delta] (ppm): 7.52-7.43 (m, 5H, ArH) and 7.23 (br.s, 4H, N[H.sub.2], [D.sub.2]O exchangeable).

Multicomponent Reactions, Solvent-Free Synthesis of 2-Amino-4-aryl-6-substituted Pyridine-3,5-dicarbonitrile Derivatives, and Corrosion Inhibitors Evaluation

Under the terms of the offering, the notes will be exchangeable under certain circumstances for cash, ordinary shares of Jazz Pharmaceuticals plc, or a combination thereof.

Jazz Pharmaceuticals issues USD500m exchangeable senior notes

the largest exchangeable bond ever issued by an unrated entity;

Aabar issues EUR 2 billion exchangeable bond

The bonds are exchangeable against Aabar's Unicredit stock ownership, amounting to a transaction that has achieved annual cost savings of 3.25 per cent and provided the funding necessary for the company's portfolio of long-term development assets to achieve their full value.

Aabar taps demand for euro 2b exchangeable bond

Keywords: Ammonia loss; Urea; Clinoptilolite zeolite; Soil chemical properties; Exchangeable ammonium; Available nitrate

Mitigating Ammonia Volatilization from Urea in Waterlogged Condition Using Clinoptilolite Zeolite

(NASDAQ: JDSU), said it intends to redeem all of its outstanding exchangeable shares on or after March 31, 2014.

JDS Uniphase Canada to redeem outstanding exchangeable shares