Sentence examples for mandatory convert from inspiring English sources

A negative is that this particular Raytheon security is a mandatory convert, which means that at its May 2006 conversion date you get stock, not cash.

Mandatory converts automatically morph into common stock on a specific date.

I find a number of mandatory converts to be attractively priced at the moment.

Mandatory convertible preferreds automatically convert into the common stock of the issuer on a specific date and typically have short maturity dates ranging from two to four years.

The objective of this paper is to develop a theoretical analysis of "mandatory convertibles," which are securities that automatically ("mandatorily") convert to common stock on a pre-specified date.

Relatively rare in Europe, mandatory convertibles are bonds giving investors no choice but to convert into equity at a later date, in this case by Dec. 23, 2005.

Under the arrangement worked out between the Treasury and Citigroup earlier this year, the Treasury will receive mandatory convertible preferred shares, meaning preferred shares that can be converted to voting shares of common stock at the will of the government.

The bank is issuing the Middle Eastern investors 2.8 billion pounds ($4.5 billion) of mandatory convertible notes, a type of bond that must eventually be converted into common shares.

Barclays is issuing the Middle Eastern investors with 2.8 billion pounds ($4.5 billion) of Mandatory Convertible Notes, a type of bond that must eventually be converted into ordinary shares.

These are mandatory convertibles.

Now, the Argentine authorities have started to offer their advice to Brazil: mandatory restructuring to convert the country's short-term debt into long-term bonds that would stretch out repayment (our publisher Domingo Cavallo reckons there's a good chance Brazil will set up a currency board within a few months; see p. 14).