"However, if the current year's profit is not sufficient or if the payment of the coupon is likely to result in a loss, the coupon payment
can be made through the reserves and surpluses created through the appropriation of profits (including statutory reserves) 1, said ICRA.
The downgrade to 'RD' follows the announcement that OFL will not make the USD11.5 million coupon payment
of its 4.375% 2025 senior unsecured notes, which is fully and irrevocably guaranteed by OEC.
In an earlier announcement, the bank had also said: "Whilst the capital securities will be unlisted at the time of issuance, BOCH intends to obtain a listing of the capital securities on a recognised stock exchange before the first scheduled coupon payment
date, which is expected to be in June 2019."
BANKING AND CREDIT NEWS-August 23, 2016-Credit Suisse declares coupon payment
on MLP Infrastructure ETN
The annual fixed return on these securities is 4.45 per cent, and will be paid every six months on 21st January and 21st July every year throughout the period of this issue, in which the first coupon payment
will be paid on 21st January 2017 and the last coupon payment
on 21st July 2019.
The annual fixed return on these securities is 4.45%, and will be paid every six months on 21st January and 21st July every year throughout the period of this issue, in which the first coupon payment
will be paid on January 21, 2017 and the last coupon payment
on July 21, 2019.
For the Par Bond (see Table 1, below), we can buy $1,000,000 face amount with our money, so our annual coupon payment
will be $30,000 (3% of $1,000,000).
This waivment applies to the temporary waiver of the interest payment of USD7.05m, which became due and payable on 22 March 2014 and extension of the temporary waivers of the 22 September 2013 interest coupon payment
obligation and the minimum cash liquidity requirement of SEK50m.
20, 2012, US$23 million coupon payment
on its US dollar Step-Up Bonds due 2029 and earned a sovereign credit ratings downgrade from Standard & Poor's, which deemed it be in default on its debt.
If the cumulative inflation at the time of the coupon payment
is five per cent, the principal for calculating the coupon payout will be ` 105 and coupon payment
At another auction, Treasury sold a net 1.04 billion lira of the October 25, 2017 bond, which has a six-month coupon payment
, at a yield of 3.88 percent.
Resolutions passed at a shareholder meeting last year meant the so-called bonus stock had to be issued when the coupon payment
fell due, unless a special shareholder meeting decided otherwise, the newspaper said.