Defuse debenture risk Nov 9, 2009
Not all of them are for debentures but many are ... Despite the fact that debentures are often promoted as safe investments, their recent track record has been woeful ... Since June 2006, ASIC estimates the money invested in debentures has more than halved. (The Age, Australia -- Business)
Firm Capital Mortgage Investment Trust Announces Strong Third Quarter Results Nov 6, 2009
FIRM CAPITAL MORTGAGE INVESTMENT TRUST Statement of Unitholders' Equity ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Sept. 30, 2009 Dec. 31, 2008 Sept. 30, 2008 (Unaudited) (Audited) (Unaudited) ---------------------------------------------------------------------------- Trust units (note 10): Balance, beginning of period $131,636,584 $119,753,729 $119,753,729 Offering costs (rights... (CCNMatthews Press Releases)
PE firms seek govt help to recover Maytas dues Nov 6, 2009
In January-February 2008, the PE players subscribed to compulsory convertible debentures worth Rs 600 crore in Maytas Properties, managed by Satyams disgraced founder B Ramalinga Rajus son B Rama Raju, for development of real estate projects in India. During and after September 2008, the management and the board of Maytas Properties committed material breaches of the investment agreement and misused more than Rs 250 crore of the investors monies by transferring them out of the company... (India Times)
Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts Nov 5, 2009
Daylight has approximately 174 million trust units currently outstanding which trade on the TSX under the symbol DAY.UN. Daylight Series A, Series B, and Series C convertible debentures trade on the TSX under the symbols DAY.DB, DAY.DB.B and DAY.DB.C respectively ... 99 Payout ratio 58% 54% 43% 54% 38% ---------------------------------------------------------------------------- Capital expenditures 10,613 15,803 45,657 85,829 127,153 Capital divestitures - - (87,695) - (87,695) Corporate... (CCNMatthews Press Releases)
Trico Reports Third Quarter Results -- Strength Continues in Subsea Services Businesses as Company Dramatically Improves Balance Sheet Nov 5, 2009
125% Convertible Debentures, net of unamortized discount of $13 ... 0% Senior Convertible Debentures, net of unamortized discount of $31. (Primezone Releases)
Petrominerales Records Net Income of US$26.2 Million in the Third Quarter Nov 5, 2009
The Company defines net debt as bank debt plus principal amount of convertible debentures and accounts payable less current assets ... Net debt is used to evaluate financial leverage and includes bank debt plus the principal amount of convertible debentures and accounts payable and accrued liabilities, less current assets. (CCNMatthews Press Releases)
Fairborne Energy Ltd. Announces 2009 Third Quarter Financial and Operating Results Nov 4, 2009
38 Exploration and development expenditures 19,232 97,244 87,802 186,869 Acquisitions, net of dispositions (8,400) 86 (9,005) 135,757 Working capital (surplus) deficit (1,539) 64,814 (1,539) 64,814 Bank indebtedness 204,046 161,302 204,046 161,302 Convertible debentures 96,027 94,020 96,027 94,020 ---------------------------------------------------------------------------- Operations (Units as noted) ---------------------------------------------------------------------------- Average production... (CCNMatthews Press Releases)
Non-convertible debentures under RBI purview Nov 4, 2009
MUMBAI: Non-convertible debentures (NCDs) of less than one-year maturity commonly used by corporates to raise short-term funds and subscribed to by mutual funds may soon come under Reserve Bank of Indias (RBI) purview ... Non-convertible debentures (NCDs) of less than one-year maturity - commonly used by corporates to raise short-term funds and subscribed to by mutual funds - may soon come under Reserve Bank of Indias (RBI) purview. (India Times)
Deans Knight Income Corporation Announces Third Quarter 2009 Operating Update- Unaudited Nov 4, 2009
Proceeds from these debentures, along with an equity issue and bank debt, were used to acquire a 50% stake in a Montney oil and gas asset in Alberta ... 5 million of the debentures (other Deans Knight Capital Management clients invested the remaining $2 ... In accordance with the terms of the indentures governing Harvest's senior notes and convertible debentures, Korea National Oil Corporation will offer to pay $101 for all outstanding Notes and debentures, plus accrued and unpaid interest,... (CCNMatthews Press Releases)
Hillsborough and Vitol Execute Definitive Arrangement Agreement Nov 2, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2009) - Hillsborough Resources Limited (TSX: - ; "Hillsborough" or the "Company") and Vitol Anker International B.V. ("Vitol"), a member of the Vitol Group, announced today that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Vitol of all of Hillsborough's issued and outstanding common shares (the "Hillsborough Shares") and 10% convertible debentures due and payable in... (CCNMatthews Press Releases)
Is the debt option good now? Nov 1, 2009
Currently, corporate fixed deposits and non-convertible debentures have become quite popular among investors looking for fixed income options. Since these offer much better returns than bank fixed deposits, it is advisable to allocate a part of the overall debt corpus to these instruments. (India Times)
Community Capital Corporation Announces Completion of Offering and Results of Operations for Third Quarter Oct 31, 2009
" Community Capital Corporation is the parent company of CapitalBank, which operates 18 community oriented branches throughout upstate South Carolina and offers a full array of banking services, including a diverse wealth management group. Additional information on CapitalBank's locations and the products and services offered are available at . Cautionary Note Regarding Forward-Looking Statements Some of our statements contained in this news release are "forward-looking statements" within the... (Primezone Releases)
Albina Community Bancorp Reports First Quarter Loss; Pre-Tax, Pre-Provision Earnings Increase 72% Oct 31, 2009
Albina Community Bancorp Balance Sheet (Dollars in thousands) As of the Date Ended ---------------------------------------- Sept. 30, June 30, Sept. 30, Annual 2009 2009 2008 %Change ---------------------------------------- (unaudited)(unaudited)(unaudited) ASSETS Cash and due from banks $ 469 $ 434 $ 496 -6% Interest-bearing deposits 12,616 7,596 4,074 210% Federal funds sold 94 121 8,698 -99% ------------------------------- Total cash and cash equivalents 13,179 8,151 13,268 -1% Time deposits... (Primezone Releases)
MetroCorp Bancshares, Inc. Announces Third Quarter Earnings with Net Income of $1.1 Million or $0.05 EPS, and Improvement in Net Interest Margin Oct 30, 2009
Average other borrowings, excluding junior subordinated debentures, were $28 ... Average other borrowings excluding junior subordinated debentures, were $40 ... Junior subordinated debentures. (Primezone Releases)
Transeuro Energy Corp.: Extension of Series A Debentures & Notice to Bondholders Oct 28, 2009
Transeuro Energy Corp.: Extension of Series A Debentures & Notice to Bondholders - Yahoo ... Transeuro Energy Corp.: Extension of Series A Debentures & Notice to Bondholders ... (v) The interest payment due in November 2009 and all future interest payments to the new maturity date shall be paid by the company directly to the holders of the Debentures within 10 days following the sale of the Eaglewood shares by the Company. (CCNMatthews Press Releases)
CIC to make push into Mongolia Oct 28, 2009
CIC will buy 30-year debentures that pay 8 per cent per annum and will be convertible after one year into a total of 22 per cent of the common shares in SouthGobi Energy Resources, a subsidiary of Canadian mining group , the companies said on Tuesday. EDITORS CHOICE. (FT.com -- Markets)
Enterprise Financial Reports Third Quarter 2009 Results Oct 24, 2009
(unaudited) (In thousands) BALANCE Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, SHEETS 2009 2009 2009 2008 2008 ---------- ---------- ---------- ---------- ---------- ASSETS Cash and due from banks $ 12,519 $ 41,490 $ 41,875 $ 25,626 $ 38,641 Federal funds sold 1,771 4,252 3,310 2,637 1,718 Interest- bearing deposits 82,651 2,893 5,852 14,384 2,178 Debt and equity investments 211,069 169,309 123,773 108,315 113,932 Loans held for sale 2,130 2,004 2,659 2,632 520 Portfolio loans 2,113,365 2,136,125... (Primezone Releases)
Guaranty Bancorp Announces 2009 Third Quarter Financial Results Oct 24, 2009
GUARANTY BANCORP AND SUBSIDIARIES Unaudited Consolidated Balance Sheets Sept. 30, Dec. 31, Sept. 30, 2009 2008 2008 ---------------------------------- (In thousands) Assets Cash and due from banks $ 148,194 $ 32,189 $ 37,548 Federal funds sold -- 13,522 3,799 ---------------------------------- Cash and cash equivalents 148,194 45,711 41,347 ---------------------------------- Securities available for sale, at fair value 182,573 102,874 97,250 Securities held to maturity 10,377 13,114 13,556 Bank... (Primezone Releases)
TSX Venture Exchange Daily Bulletins for October 23, 2009 Oct 24, 2009
TSX-X ----------------------------------------------------------------------- MATAMEC EXPLORATIONS INC. ("MAT") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: October 23, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's documentation in connection with the issuance of 2,164,008 Bonus Shares to the current holder of two matured non convertible debentures (the "old debentures") in connection with the consolidation end extension of the old debentures into... (CCNMatthews Press Releases)
Golden Sunset Trail Inc. Announces Private Placement Oct 24, 2009
GRIMSBY, ONTARIO--(Marketwire - Oct. 23, 2009) - GOLDEN SUNSET TRAIL INC. ("Golden Sunset" or the "Corporation") (TSX VENTURE: - ) is pleased to announce it intends to complete a non-brokered private placement of up to $200,000 worth of convertible debentures of the Corporation (each a "Debenture") having an interest rate of 12% per annum, payable annually. The principal amount of each Debenture will be convertible into one common share of the Corporation (each a "Share") at a conversion rate of... (CCNMatthews Press Releases)
Goldbrook Ventures Inc:. Jien Canada Provides Additional Details Regarding Lock-Up Agreements Oct 24, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2009) - Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien"), Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE: - ), Jien Canada Mining Ltd. ("Jien Canada") and Jien International Investment Ltd. wish to provide further details about the lock-up agreements entered into with certain shareholders and debentureholders of Canadian Royalties Inc. ("Canadian Royalties") (TSX: - ) with respect to the offers (the "Offers") to acquire all of the issued... (CCNMatthews Press Releases)
When the small print leaves us all at sea Oct 24, 2009
Debentures, CDOs, so-called income funds, hedge funds and structured offerings are just some of the products that have run into problems, leading investors to proclaim that they were not told of the risks involved. In some cases, such as many hedge funds, the products were opaque and investors genuinely had no idea where or how their money was being invested. (Sydney Morning Herald -- Business)
Structured products now come in small packs Oct 23, 2009
Deutsche Bank and Royal Bank of Scotland in the past few weeks have sold securities like non-convertible debentures with equity options for as low as Rs 15 crore, compared with earlier practice of selling securities not less than Rs 50 crore, said two intermediaries who recommend these securities to wealthy clients ... In these non-convertible debentures sold by these companies, about 80% returns are fixed while 20% depends on the movement of the equity indices, or a bunch of stocks selected by... (India Times)
Intertainment's Itibiti Systems Closes Financing Oct 23, 2009
84 for its previously disclosed offering of convertible debentures as detailed in the press release dated September 2, 2009 (the "Offering") ... The convertible debentures ("Debentures") of Itibiti Systems consist of convertible debentures ("Debentures") at a subscription price of $50,000 CDN per Debenture which, unless otherwise authorized, will be payable at 12% interest per year, paid semi-annually ... 70 of principal amount outstanding under the Debentures can be converted into one Itibiti... (CCNMatthews Press Releases)
Canexus Income Fund Announces Third Quarter Results Oct 23, 2009
-- On August 31, 2009, the Fund issued $86 million of convertible unsecured subordinated debentures which mature December 31, 2014. The debentures bear interest at 8 percent payable semi-annually in arrears on June 30 and December 31 of each year ... Canexus units and convertible debentures trade on the Toronto Stock Exchange under the symbol CUS. More information about Canexus is available at www. (CCNMatthews Press Releases)
Sussex Bancorp Announces Improved Third Quarter and Nine Month Earnings Oct 23, 2009
SUSSEX BANCORP CONSOLIDATED BALANCE SHEETS (Dollars In Thousands) (Unaudited) ASSETS September 30, September 30, December 31, ------ 2009 2008 2008 ----------------------------------------- Cash and due from banks $13,240 $10,537 $7,602 Federal funds sold 2,038 15,470 13,310 ------------- ------------- ------------- Cash and cash equivalents 15,278 26,007 20,912 Interest bearing time deposits with other banks 100 100 100 Trading securities 3,974 13,519 13,290 Securities available for sale 80,040... (Primezone Releases)
Central Jersey Bancorp Reports Operating Results for Third Quarter of 2009 Oct 23, 2009
0 million, respectively, interest expense on borrowed funds of $236,000 and $429,000, respectively, and interest expense on subordinated debentures of $43,000 and $78,000, respectively ... 9 million, respectively, interest expense on borrowed funds of $730,000 and $989,000, respectively, and interest expense on subordinated debentures of $150,000 and $252,000, respectively ... CENTRAL JERSEY BANCORP CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) (dollars in thousands, except share... (Primezone Releases)
CAUTION: Jaguar Attack on Canadian Royalties Riddled with Misleading Information Oct 22, 2009
MONTREAL, QUEBEC--(Marketwire - Oct. 21, 2009) - Canadian Royalties Inc. (the "Company", or "Canadian Royalties")(TSX: - ) notes the announcement today by Jaguar Financial Corporation ("Jaguar") of its opposition to the offers (the "Jien Offers") made by Jien Canada Mining Ltd. ("Jien") to acquire all of the issued and outstanding common shares (the "Shares") and all of the 7% Convertible Senior Unsecured Debentures due March 31, 2015 (the "Debentures") of Canadian Royalties for $0. 80 per Share... (CCNMatthews Press Releases)
Dearborn Bancorp Reports Third Quarter Results Oct 21, 2009
DEARBORN BANCORP, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Dollars, in thousands) 09/30/09 12/31/08 09/30/08 ---------- ---------- ---------- ASSETS Cash and cash equivalents Cash and due from banks $ 17,330 $ 11,671 $ 15,744 Federal funds sold 6,206 4,455 14,281 Interest bearing deposits with banks 117,732 36,876 33,146 ---------- ---------- ---------- Total cash and cash equivalents 141,268 53,002 63,171 Mortgage loans held for sale 1,449 1,834 281 Securities,... (Primezone Releases)
Sterling Shoes Income Fund Announces Monthly Cash Distribution Oct 21, 2009
The Fund's units are listed on the Toronto Stock Exchange under the symbol SSI.UN. The Fund's convertible debentures are listed on the Toronto Stock Exchange under the symbol SSI.DB.. Additional information about Sterling Shoes Income Fund can be found in the disclosure documents filed by Sterling. (CCNMatthews Press Releases)
Mercantile Bank Corporation Reports Third Quarter 2009 Results Oct 20, 2009
62) Average basic shares outstanding 8,492,946 8,529,514 8,487,362 8,468,951 Average diluted shares outstanding 8,492,946 8,529,514 8,487,362 8,468,951 MERCANTILE BANK CORPORATION CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, DECEMBER 31, SEPTEMBER 30, 2009 2008 2008 ---- ---- ---- (Unaudited) (Audited) (Unaudited) ASSETS Cash and due from banks $ 14,445,000 $ 16,754,000 $ 25,694,000 Short term investments 1,804,000 100,000 87,000 Federal funds sold 50,426,000 8,950,000 4,820,000 --------------... (Primezone Releases)
Investors lap up debt schemes Oct 19, 2009
Sadaopan says if one has decided to stick to debt instruments, he/she can also consider company deposits and non convertible debentures, hybrid products from MFs (a mix of debt and a small equity component) among other things. If you are getting 10-10. (India Times, India)
Caspian Energy Inc. to Hold Special Meeting of Shareholders Oct 16, 2009
CALGARY, ALBERTA--(Marketwire - Oct. 15, 2009) - Caspian Energy Inc. (TSX: - ; "Caspian" or the "Company") announces today that it proposes to hold a special meeting of its shareholders on Tuesday, December 1, 2009 (the "Meeting") to consider and, if thought fit, approve certain amendments to the terms of the Secured Convertible Debentures of the Company dated as of March 1, 2006 in the aggregate principal amount of US$16,000,000 (the "Debentures"). The Debentures bear interest at a rate of 10%... (CCNMatthews Press Releases)
Guaranty Federal Bancshares, Inc. Announces Third Quarter 2009 Financial Results Oct 16, 2009
81% As of As of Financial Condition Data: 30-Sep-09 31-Dec-08 -------- -------- Cash and cash equivalents $ 19,075 $ 15,097 Investments and interest bearing deposits 138,509 66,062 Loans, net of allowance for loan losses 9/30/2009 - $13,220; 12/31/2008 - $16,728 527,805 558,327 Other assets 42,007 36,184 -------- -------- Total assets $727,396 $675,670 ======== ======== Deposits $505,737 $447,079 FHLB advances 111,050 132,436 Subordinated debentures 15,465 15,465 Securities sold under agreements... (Primezone Releases)
Look-out notice against Kampani stayed Oct 15, 2009
Indias first convertible debentures, from Tata Motors, were conceptualised by him. Earlier, both the Supreme Court and the Andhra Pradesh High Court had rejected Kampanis petition for an anticipatory bail. (India Times)
Politicians swim in wealth, but shy away from bourses Oct 15, 2009
A leader of BSP, Mr Bhardwaj only has Rs 16 crore (self and spouse combined) in shares and debentures, marking just 2. 6% of his net assets. (India Times)
Hindalco gets shareholders nod for funds Oct 13, 2009
Shareholders of the company have given their approval for garnering funds through the issue of securities that include equity shares, debentures and warrants, Hindalco Industries said in a statement to the Bombay Stock Exchange (BSE). The fund raising plan also includes green shoe option, it said. (India Times)
The U.S. Debt Ceiling: Shrinking Headroom Oct 13, 2009
The limit applies to most debt the U.S. Treasury issues, regardless of whether it is held by the private or public sectors, and to federal agency debt that is explicitly guaranteed, namely debentures the Federal Housing Administration issues. Certain small categories of U.S. federal debt are excluded from the ceiling but they are not material in amounts outstanding. (BusinessWeek)
Wealth managers offering Gold-linked debenture on underlying price Oct 13, 2009
Although, these gold-linked debentures are a debt instrument, unlike the conventional debt product, the coupon rate is variable and linked to gold prices. While the basic version of the investment strategy is to offer 100% of the upside, there are leverage notes available in the market, which could offer as much as 150% of the upside. (India Times)
Court refuses to believe George's Clayton's defence Oct 13, 2009
One of Elderslie's final offerings to investors was when it tried to raise $60 million in secured debentures early last year. Its then chairman, the former Liberal leader John Hewson, reassured investors in the prospectus that Elderslie had not been directly affected by the subprime meltdown. (Sydney Morning Herald -- Business)
L&T raises $600 mn for infra play Oct 9, 2009
Led $400 million (Rs 1,867 crore) selling shares to qualified institutional buyers at a 1% discount to the stocks closing on Wednesday at Rs 1,660, and $200 million (Rs 934 crore) through foreign currency convertible debentures at a 15% premium. The fund raising will dilute equity by 1. (India Times)
Daylight Resources Trust Announces Closing of Highpine Acquisition and Sets Q4 2009 Distributions Oct 9, 2009
Daylight has approximately 174 million Trust units currently outstanding which trade on the TSX under the symbol DAY.UN. Daylight Series A, Series B, and Series C convertible debentures trade on the TSX under the symbols DAY.DB, DAY.DB.B and DAY.DB.C respectively. Forward-Looking Statements. (CCNMatthews Press Releases)
Big Stick Media Corporation Announces Financial Results for the Quarter Ended August 31, 2009 Oct 8, 2009
- On September 9, 2009, the Company made the first interest and principal payment owing in respect of the convertible debentures issued on April 28, 2008 ... "The third quarter of fiscal 2009 reflected both positives and negatives for BSM", stated Christopher Kape, President and CEO. "We settled the outstanding litigation related to our Don Best business which validated the legitimacy of our exclusive rights to publish the most relevant live sports odds information. Furthermore, we have made... (CCNMatthews Press Releases)
Larsen & Toubro Raises $600 Million From Sale of Shares, Convertible Bonds Oct 8, 2009
The company sold $400 million of shares and $200 million of foreign currency convertible debentures, Executive Vice President said today in an interview. The shares were priced at a 1 percent discount to yesterdays close and the bonds at a 15 percent premium, he said. (Bloomberg -- Asia)
Essar to raise Rs 4,500 cr by pledging Vodafone stake Oct 6, 2009
The group on Monday kick-started the process of raising the fund through issue of non-convertible debentures (NCDs) by pledging its 11% stake in the countrys secondlargest GSM operator. A group official said ETHL Communications Holdings, the whollyowned subsidiary of the groups telecom arm Essar Teleholdings, will issue NCDs to raise Rs 2,250 crore with an option to raise additional equal amount, depending on subscribers interest. (India Times)
Tata Cap eyes 5-fold growth in retail biz Oct 5, 2009
Earlier this year, as part of its Tier I capital, the company raised Rs 1,500 crore through a public offer of non-convertible debentures. Topics. (India Times, India -- Intl Business)
MF agents rejig distribution strategies Sep 30, 2009
"Sales of MFs are down by 40%, and we have seen investors buying more of fixed-deposits and non-convertible debentures," said Jignesh Desai, joint MD, NJ IndiaInvest. As equity valuations go up, investors are seeking fixed-income products. (India Times)
Endeavour Silver Files Amended MD&A Sep 26, 2009
The Amended 2009 Q2 MD&A includes an update on use of proceeds disclosures contained in the Company's prospectus dated February 20, 2009 in connection with a $3 million special warrants financing completed in December 2008 and an update of its use of proceeds from a $14 million private placement financing of debentures completed in February 2009. The Amended 2009 Q2 MD&A also corrects typographical and clerical errors in cross-referencing information from the related financial statements. (CCNMatthews Press Releases)
Weighed down with debt, Cincinnati's Domin-8 files Chapter 11 Sep 26, 2009
Most of the liabilities are in the form of debentures, which the company sold to finance the acquisition of eight competitors over an 18-month period. The debt holders have a pro-rata security interest in the company and could play a role in determining how Domin-8 operates in the future, said David Whittaker, a Columbus attorney who represents Domin-8. (Cincinnati Business Courier, OH)
Radiant Energy Corporation Announces Third Quarter 2009 Results Sep 24, 2009
On September 8, 2009, The TSX Venture Exchange granted final approval of the Company's previously announced offering of secured debentures, for which closings were announced on August 7, 2009 and August 19, 2009. About Radiant Energy Corporation. (CCNMatthews Press Releases)
Guardian Announces Proposed Business Combination Sep 24, 2009
Also prior to Closing, Luxor will also complete a private placement financing involving the issuance of Luxor convertible debentures, convertible into Newco Shares at a price not less than $0. 0125 per share, for gross proceeds of $800,000 (the "Luxor Debenture Financing"). (CCNMatthews Press Releases)
A helping hand Sep 23, 2009
The term "financial assets" includes interest-bearing deposits, debentures, shares, share trusts and friendly society and insurance bonds. It doesn't include property and allocated pensions, which are assessed differently. (Sydney Morning Herald -- Business)
Jaiprakash eyes $200 mn from treasury share sale Sep 23, 2009
Jaiprakash Associates has also recently raised Rs 1,000 crore through an issue of five-year non-convertible debentures (NCDs) to Standard Chartered India at a coupon rate of 11. 5. (India Times)
Digital Realty Trust, Inc. to File Resale Shelf Registration Statement Sep 23, 2009
50% Exchangeable Senior Debentures due 2029 of its operating partnership, Digital Realty Trust, L.P. The registration statement is anticipated to be immediately effective upon filing. Holders of the debentures who wish to be named in the prospectus to be contained in the registration statement in order to sell such shares of common stock pursuant to the registration statement are encouraged to complete a selling securityholder notice and questionnaire and promptly return it to the following... (PR Newswire)
Canadian Convertible Debenture Fund Announces Exchange Ratios Sep 22, 2009
The number of units of the Fund (the "Units") issuable for the exchange eligible securities (the "Exchange Ratio") was determined, for each $1,000 principal amount of convertible debentures, by dividing the volume weighted average trading price of such principal amount of convertible debentures on the TSX during the period of five consecutive trading days ending on September 21, 2009, plus the interest payable to September 30, 2009, by $10. 00. (CCNMatthews Press Releases)
Paramount Energy Trust confirms September 2009 cash distribution and announces adoption of Premium Distribution(TM) and Distribution Reinvestment Plan Sep 22, 2009
PET's Trust Units and convertible debentures are listed on the Toronto Stock Exchange under the symbol "PMT.UN" and "PMT.DB", "PMT.DB.A", "PMT.DB.B" and "PMT.DB.C", respectively. Further information with respect to PET can be found at its website at. (PR Newswire)
GLV Announces its Intent to Launch a Voluntary Takeover Bid to Purchase the Shares of Austria-Based Christ Water Technology AG Specializing in Industrial and Municipal Water Treatment Technologies Sep 22, 2009
MONTREAL, Sept. 22 /CNW Telbec/ - (All amounts are in Canadian dollars unless otherwise indicated (Canada Newswire)
What's private placement? Sep 20, 2009
Also, many companies went for private placement of non-convertible debentures that they issued. What are the regulatory requirements for private placement. (India Times)
InnVest Real Estate Investment Trust Announces 2010 Mortgage Refinancing Sep 17, 2009
InnVest's trust units and outstanding convertible debentures trade on the Toronto Stock Exchange under the symbols INN.UN, INN.DB.A, INN.DB.B and INN.DB.C, respectively. Contact. (CCNMatthews Press Releases)
Jien Canada Extends Expiry Date of Canadian Royalties' Takeover Bid Sep 16, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2009) - Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien"), Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE: - ) and Jien Canada Mining Ltd. ("Jien Canada") announced today that the offers by Jien Canada to acquire all of the issued and outstanding common shares (the "Shares") and all of the 7% Convertible Senior Unsecured Debentures due March 31, 2015 (the "Debentures") of Canadian Royalties (the "Offers") have been amended to, among... (CCNMatthews Press Releases)
ICL Announces Successful Placement of NIS 900 Million in Debentures Sep 11, 2009
TEL AVIV, Israel, September 11 /PRNewswire-FirstCall/ -- Israel Chemicals Ltd. ("ICL") (TASE: ICL), a multinational fertilizer and specialty chemicals company, today announced the successful completion of its public offering of NIS 900 million (approximately $240 million) of its debentures to institutional investors and the public ... The debentures are rated ilAA+/Negative by Standard & Poor's Maalot ... Demand by institutional investors for the Company's debentures was strong with NIS 1. (PR Newswire)
Jien Canada Mining Urges Canadian Royalties' Securityholders to Tender with Respect to Its Offers Sep 10, 2009
The Offers are subject to customary conditions, including: that a minimum of 66 2/3% of the outstanding Shares on a fully diluted basis and 66 2/3% of the outstanding aggregate principal amount of Debentures are tendered to the Offers, receipt of all required regulatory and governmental approvals, the absence of any material adverse change in Canadian Royalties, the absence of certain prohibited activities on the part of Canadian Royalties (including share issuances, material debt issuances,... (CCNMatthews Press Releases)
Risk-averse investor Sep 6, 2009
Debt mutual funds invest in different kinds of debt instruments such as bonds, debentures, government securities and money market securities with the objective of providing stable returns to investors at a relatively low risk ... Fixed deposits, non-convertible debentures ... A slew of fixed deposit (FD) schemes and non-convertible debentures (NCDs) by reputed corporates seem to have caught the fancy of investors. (India Times)
Personal loans must be last option Sep 6, 2009
Yet, if you have a personal loan and own assets such as car, home, life insurance policies, National Savings Certificate, RBI Bonds, gold jewellery, bank fixed deposits, shares, debentures and mutual funds, it is advisable to monetise them to get rid of this highly risky funding option. In case of loan against assets, while the banks have the assurance of an underlying security, you enjoy a relatively cheaper credit. (India Times)
TSX Venture Exchange Daily Bulletins for September 2, 2009 Sep 3, 2009
The Exchange bulletin is to be read as follows: The Company has announced it will offer to Shareholders of record at September 14, 2009, Rights to purchase 8% Series C Senior Convertible Debentures ("Convertible Debentures") of the Company ... 00 are required to purchase the Convertible Debentures in the aggregate principal amount of $10 ... $2,592,620 principal amount of Convertible Debentures will be issued if all Rights are exercised. (CCNMatthews Press Releases)
