Exchangeable


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Related to Exchangeable: Exchangeable bond

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.
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.
The exchangeable bonds to be issued, he said, will be "convertible directly to the hospitals - to the hospital holding company MPHHI."
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.
The KRF indicates the amount of K fertiliser required for a unit increase in exchangeable K.
--$199,742,000 class 1A-I3 notional exchangeable notes 'BBsf'; Outlook Stable;
The Debentures will be exchangeable at the option of holders during specified periods.
[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).
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.
the largest exchangeable bond ever issued by an unrated entity;
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.
Keywords: Ammonia loss; Urea; Clinoptilolite zeolite; Soil chemical properties; Exchangeable ammonium; Available nitrate
(NASDAQ: JDSU), said it intends to redeem all of its outstanding exchangeable shares on or after March 31, 2014.