Unsecured Loan Stock

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Unsecured Loan Stock

A loan made to a company with no collateral. In many respects, unsecured loan stock behaves like a bond (both offer fixed returns, have maturity dates, and so forth). However, unlike a bond, in the event of default or liquidation, the holder of unsecured loan stock does not have a claim on the company's assets. For that reason, unsecured loan stock carries higher risk than a bond. Despite the name, it has nothing to do with shares of stock.
References in periodicals archive ?
0 million on its redeemable unsecured loan stocks (RULS), meeting a distribution test that includes a minimum forward-looking post-distribution finance service cover ratio (FSCR) of 1.
MARC affirms its AA+IS rating on Kapar Energy Ventures SDN BHD's MYR 2 billion Sukuk Ijarah
4m) Redeemable Unsecured Loan Stocks (RULS) while upgrading its rating outlook to "stable" from "negative".
-MARC keeps DutaLand at B, upgrades outlook to "stable"
0 million and classification of the amount of coupon payable under the redeemable convertible unsecured loan stocks (RCULS) as part of equity.
MARC affirms its AAAIS rating on PLUS Berhad's MYR 23.35 billion Sukuk Musharakah Programme
22 December 2010 - MARC today maintained its BB- rating with "negative" outlook on Olympia Industries Berhad's (KUL:OLYMPIA) outstanding MYR73m (USD23m/EUR18m) nominal value Redeemable Unsecured Loan Stocks (RULS).
-MARC confirms Olympia's BB- rating with "negative" outlook
The plan entails a refinancing and full redemption of the Senior Sukuk via a MYR 400 million Syndicated Term Loan (STL) and MYR 263 million of Redeemable Convertible Unsecured Loan Stocks.
RAM Ratings reaffirms LEKAS's Senior and Junior Sukuk ratings
5 February 2010 - Malaysian Rating Corp (MARC) cut to B from BB- the rating on the redeemable unsecured loan stocks (RULS) of local diversified holding company DutaLand Bhd (KUL:3948).
MARC cuts to B rating on DutaLand's RULS
MARC has affirmed its B rating on DutaLand Berhad's outstanding MYR 13,121,392 Redeemable Unsecured Loan Stocks (RULS) with a stable outlook.
MARC affirms ratings on DutaLand's unsecured loan stocks
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