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That would allow the holder of a $1,000 debenture to buy 61 shares with a market value of $1 , 220
In the early 1990s football club Arsenal issued a debenture to help fund a new stand at Highbury, while a similar proposed plan by West Ham United met with fan fury.
It was revealed, to the anger of the creditors, that Sinclair had taken out a £5 million debenture to cover the money that he had put into the company.
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Fanny May also selected a 7.55percentnt rate for the $300‐million of 52‐month debentures to be sold at the same time.
But from autumn the Innovative Finance Isa becomes available, allowing debt securities such as debentures to be free of tax if kept in an Isa wrapper.
Costello, now a novelist ("The Big If," 2002), clearly feels the pleasure of escaping purchase agreements and subordinated debentures to write something he cares about.
Long-term credit banks, which typically issue bank debentures to raise money, were designed to help rebuild corporate Japan after World War II.
Abundance is the first financial service to use debentures to enable small investors to fund renewable energy projects in the UK.
In a separate development, Moody's Investors Service downgraded about $4.9 billion of Adelphia's senior unsecured notes and debentures to Caa2 from Caa1.
The Federal National Mort gage Association announced that it placed a 7.30percentnt interest rate on its $450‐million of 28‐month debentures to be offered publicly today.
The Western Union Corpora tion registered with the S.E.C. $85‐million of 25‐year converti ble debentures to be sold by a Kuhn Loeb syndicate later this month.
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CEO of Professional Science Editing for Scientists @ prosciediting.com