detachable warrant

Detachable warrant

A warrant entitles the holder to buy a given number of shares of stock at a stipulated price. A detachable warrant is one that may be sold separately from the package it may have originally been issued with (usually a bond).

detachable warrant

A warrant issued in conjunction with another security (nearly always a bond) that can trade or be exercised separately following the issue date.
References in periodicals archive ?
The Company will now move ahead to offer existing shareholders preemptive rights to subscribe for one new share for every three existing shares held, with each new share receiving a detachable warrant to purchase a further share in the future (the Offering).
In addition, any detachable warrant may also be classified as a liability.
A free detachable warrant will also be issued to the noteholder for every 10 common shares, excluding the rights shares, regardless of whether or not the investor subscribes to the stock rights.
In similar fashion, APBO 14 (3-69), [paragraph]12, prevents an allocation of a debt issue price to a conversion feature, while [paragraph]17 does allocate the issue price to the value of a detachable warrant.
In a disclosure to the Philippine Stock Exchange yesterday, Now said its board had agreed to raise, by way of a follow-on offering, up to 10 million redeemable, convertible, nonparticipating and nonvoting preferred shares with detachable warrants.
In parallel, subscribers to the new shares are entitled to receive three detachable warrants per common share.
MYR 600 million Fixed Rate Serial Bonds with Detachable Warrants (due 2015) at -.
The lenders received six-year notes with a coupon of more than 14 percent and detachable warrants.