The spokesman said Kodak intended to pay a $14 million debt coupon payment due on Saturday.
This represents a coupon payment, effectively a dividend, to the controlling shareholders of the Jersey-based company, Global Radio Group Limited, that is the ultimate parent of Global Radio's operation.
This represents a coupon payment, effectively a dividend, to the controlling shareholders of the Jersey-based company that is the ultimate parent of Global Radio's operation.
In June 2012, Gabon delayed the coupon payment on its $1bn bond, pending the outcome of a legal dispute, and was on the verge of a default.
The losses were attributable to a £59.6m coupon payment, effectively a dividend, to the controlling shareholders of its Jersey based parent company.
"If you took the coupon payment, adjusted for inflation and taxes, you had a negative real return," said Leon Cooperman, who may have been the first to use the term.
Other than the coupon payment and maturity date, you would need to know if the bond could be redeemed or "called" before maturity, whether the issuer had a right to repurchase the bonds at face value and how interest payments were timed.
The total payout δV includes the coupon payment c and the dividends (delta V-c).
The trustee was unable to scare up the cash for a May 2009 coupon payment.
Whether a bond's price rises or falls, that coupon payment stays fixed, say at 6%.
An "unconstrained bond fund" invests in anything with a coupon payment.
