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The government said junior bondholders – who under new EU rules must take a hit before any state intervention – would be able to convert their bonds into shares, which will then be converted into senior debt.
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A historic — and some say haunted — Los Angeles hospital that has been closed for two decades is set to be converted into apartments for low-income seniors in a $40-million 40-million makeover
Of the latest $3.8 billion, the Treasury said $2.54 billion would be converted into preferred securities, which would be senior to other capital securities, and $1.25 billion would be converted into preferred stock.
Some $25 billion of preferred and subordinated debt would also be converted into equity, as would nearly $20 billion of senior unsecured debt, or 15 percent of the total.
That energy can be converted into power.
Analytical theory must be converted into practice.
that could be converted into a bedroom.
Should our railways be converted into roads?
All documents will be converted into PDF documents.
FSM descriptions can be converted into C, Verilog or VHDL.
Can it be converted into a saliva or urine test?
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