The price to purchasers was 99.456% of the principal amount of the Notes representing a yield-to-maturity
The convertible loan will accrue interest at the rate of 4 percent per annum (payable semi-annually) and will have a yield-to-maturity
of 5.625 percent per annum calculated semi-annually.
5-year USD 300 million emission was priced at 6% yield-to-maturity
Fortis also plans to raise $100 million through foreign currency convertible bonds of five-year maturity at Rs.167 a share with a 5.54 percent yield-to-maturity
The zero-coupon LTNCDs will carry a yield-to-maturity
of 6.75 percent.
In evaluating fixed-income investments such as corporate or government bonds, the investor is faced with a variety of measures of investment return or yield: current yield; yield-to-maturity
; yield-to-call; after-tax yield; taxable equivalent yield; and realized compound yield.
It is interesting to note that the estimated ex ante 10-year real interest rate does not track the TIIS yield-to-maturity
very closely, as Figure 1 indicates.
The price to the purchasers was 99.615%% of the principal amount of the Senior Notes representing a yield-to-maturity
The company has priced the offering to investors at 99.577% of the principal amount of the notes representing a yield-to-maturity
of 4.070% for net proceeds after expenses of approximately USD592.0m.
The company state that the price to investors was 99.126% of the principal amount of the notes representing a yield-to-maturity
The notes were priced at 99.185% of their principal amount representing a yield-to-maturity
of 3.497%, the company said.
According to the company, the offering was priced at 99.185% of the principal amount of the notes representing a yield-to-maturity