Like some other vehicle categories, convertibles
have grown in number in the past several years.
2002-31 concludes that subjecting a contingent-interest convertible
debt to the Regs.
Securities (800-662-2739) has the longest history, averaging more than a 9.
Issue 1: Are the convertible
preferred shares issued to an ESOP considered common stock equivalents?
is a perfect instrument if you want to bet on your own success over a period of time.
The final step in pricing the convertible
might be the hardest: pricing the security itself and determining how much it will rise or fall under different market scenarios.
An issue of Convertible
Preferred Equity allows potential investors to gain direct exposure to the Company whilst mitigating short-term risks.
Prudential Financial may redeem all or some of the convertible
notes for cash at any time on or after December 13, 2007 at 100% of their principal amount plus accrued interest, if any, to but not including the redemption date.
General Cable Corporation expects to use the net proceeds from this offering to repay outstanding amounts of principal and interest under its senior secured credit facility as well as to pay the net cost of separate convertible
note hedge and warrant transactions entered into in connection with this offering.
stated, "This restatement of results did not result from any new information relating to the convertible
notes, any change in the terms or conditions of the convertible
notes, or any other external event.
Since the amount of Convertible
Notes tendered exceeded the maximum amount of Convertible
Notes that the Offerors would accept, the Offerors pro rated the amount of Convertible
Notes accepted from participating holders as described in the Exchange Offer Prospectus.
E[acute accent]The Convertible
Exchange Offer is not conditioned on a minimum amount of Convertible
Notes being tendered.