Archives|NEW BOND OFFERS TOTAL $30,000,000 $12,500,0000 Debentures of United Light and Power Priced to Yield 6.55%.
NEW BOND OFFERS TOTAL $30,000,000 $12,500,0000 Debentures of United Light and Power Priced to Yield 6.55%.
Upon such assignment, transfer, and delivery, the obligation of the mortgagee to pay the premium charges for mortgage insurance shall cease, and the Secretary shall, subject to the cash adjustment provided for in subsection (e) of this section, issue to the mortgagee debentures having a total face value equal to the value of the mortgage, and a certificate of claim as hereinafter provided.
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.
The Federal National Mortgage Association yesterday priced a total of $1.4 billion in 5-year and 10-year debentures through its regular selling group of dealers.
The company will pay $1,072 per $1,000 in principal amount of debentures, plus accrued interest of $4.75, for a total redemption price of $1,076.75.
The debentures issued under this section and outstanding shall at no time exceed five times the total paid-in capital of all the Federal Home Loan Banks as of the time of the issue of such debentures.
L. 102 550, § 516(a)(1), in fifth sentence, substituted "issue to the mortgagee debentures having a par value" for ", subject to the cash adjustment hereinafter provided, issue to the mortgagee debentures having a total face value".
Debentures are different.
The debenture holders, who own the seats, see the value of their debentures continue to rise.
Investors buy debentures for the individual projects.
