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AMONG the most commercial of cities, Hong Kong follows many markets; but none more intently than the trade in debentures tied to admissions to the city's international primary and secondary schools.
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During those nine months ended last June, Metropolitan raised $76 million in debenture bonds and issued an additional $22 million in preferred stock.
If you strip out the variation in debenture valuation (and inventory writedowns, including a gigantic $3.7bn writedown of the value of unsold BB10 devices when Chen took over), over the past four quarters BlackBerry's operating performance has been, respectively: $1,200m loss $248m loss $267m loss $24m loss.
The new deal sees Fairfax and other institutional investors putting $1 billion U.S. in convertible debentures.
He made his first offer late last year a $68 million leveraged buyout, mostly in subordinated debentures.
Im proud of my Continental play in its debentures, not its equity.
A major bull market in corporate debentures and municipals over the past 12 months is downright awesome.
Shares of the dot-com lord, VeriSign, rose on Wednesday after the company announced a plan to sell $1.1 billion in convertible debentures and use the profits for a share buyback.
Like a large mouthed bass, I'm snapping at the lure of 10% returns in preferreds, debentures, energy-based master limited partnerships anything that can survive a major economic contraction.
Those who put money in will be buying debentures, which are like official IOUs issued by companies which offer a fixed rate of return over a defined period.
In April he offered $33.5 million in cash and debentures, or a total of $7 per share when the stock was at $4.10.
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