Christopher Condon and Robert Schmidt of Bloomberg report that: Money-market mutual funds would be forced to create capital buffers equaling 1 percent to 3 percent of assets to protect against losses under a plan now …
Search Results for: conversion
Almost 25% of BCE.PR.I Converted to Ratchet Rate
BCE Inc. has announced: that 3,245,010 of its 14,000,000 fixed-rate Cumulative Redeemable First Preferred Shares, Series AI (series AI preferred shares) have been tendered for conversion on August 1, 2011, on a one-for-one basis, into …
BCE.PR.I: Rate Change to 4.15%; Exchangeable to Ratchets
BCE announced earlier: Beginning on June 17, 2011 and ending on July 22, 2011, holders of Series AI Preferred Shares will have the right to choose one of the following options with regards to their …
June 27, 2011
A deal on Greece may have been reached: Greek creditors may be headed toward an agreement to roll over 70 percent of their bonds into longer maturity debt to prevent a default and meet politicians’ …
BPO.PR.I: What is the Meaning of Existence?
On an unrelated thread, Assiduous Reader prefhound writes in and says: Why is BPO.PR.I still outstanding? As of Jan 1 this year, the company could have redeemed at par $25 and the investor could have …
CM.PR.D, CM.PR.E, CM.PR.G: Seeking NVCC Status
The Canadian Imperial Bank of Commerce has announced: that it intends to seek to have its non-cumulative Class A preferred shares, Series 26, 27 and 29 (the Convertible Preferred Shares) treated as non-viability contingent capital …
BCE.PR.G Dividend to Reset to 4.50%
BCE Inc. has announced: BCE Inc. will, on May 1, 2011, continue to have Cumulative Redeemable First Preferred Shares, Series AG outstanding if, following the end of the conversion period on April 21, 2011, BCE …
March 30, 2011
Europeans seem to want to blame commodity price inflation on speculators – Hoenig blames the Fed: The Federal Reserve’s “highly accommodative” monetary policy is partly to blame for rapidly increasing global commodity prices, said Kansas …
BoE's Haldane Supports McDonald CoCos
I use the term “McDonald CoCo” to describe a hybrid security that is initially debt-like coverts into equity when the issuer’s common equity price declines below a preset floor. The conversion is performed at the …
YLO: DBRS Confirms Rating on Asset Sale
Yellow Media has announced: that it has reached a definitive agreement to sell Trader Corporation (“Trader”) to funds advised by Apax Partners for a purchase price consideration of $745M. Closing of the contemplated transaction is …