We also find that the market reaction to convertible debt
security offers is influenced by investors' expectations regarding the anticipated security choice decision and the perceived motive for issue.
In the example above, assuming the corporation had sufficient earnings and profits, the convertible debt
holder would be deemed to have received dividend income of $5,032.
Eliminating nearly $1 million dollars in convertible debt
is a monumental and strategic achievement for the company as it vastly improves the capital structure of BioCorRx as the potential dilutive effect of the debt is removed.
Berjaya Philippines also acquired 81.25 million units of Redtone's convertible debt
valued at about P211.18 million, accounting for 33.46 percent of total convertible debt
Finally, the final regulations contain a rule providing that the holder of a call option, warrant, convertible debt
, or convertible equity issued by a partnership (or an entity eligible to elect to be treated as a partnership under Regs.
A common assumption underlying these theoretical and empirical studies is that investor demand for convertible debt
is perfectly elastic at a price that reflects the fundamental value of future cash flow.
The dispute was over the $250 million deposit Global placed with NBQ as part of a deal to acquire a convertible debt
instrument in NBQ.
Net income rose to USD21.3m or USD0.58 per diluted share for the third quarter of 2010 compared to USD3.3m or USD0.09 per diluted share in the same quarter of last year, the diluted share count for the third quarter of 2010 includes 2.5m shares fro the USD25m of convertible debt
at the company which decreases earnings per share by USD0.04.
The raised proceeds will be used for general corporate purposes and for refinancing convertible debt
The company has reported that during the first half of 2009, the company has reduced convertible debt
by over USD150m, or around 37%.
Auto Business News-4 November 2008-Tesla secures approval for USD40m in convertible debt
financing(C)2008 ENPublishing - http://www.enpublishing.co.uk
Proceeds will be used to refinance 4% notes due in August and fund redemptions on convertible debt
due in 2023.