Usa "debenture" in una frase
debenture frasi di esempio
debenture
1. debenture, entitling the holder to buy a specific amount of securities of that
2. In addition it gives the figures for repayment of capital – redeeming a debenture, for instance – or finance in from raising further capital
3. No first-lien bond, for example, enjoys a better investment rating than Standard Oil of New Jersey Debenture 3s, due 1961
4. An examination of the bond list will show that the debenture issues of companies having no secured debt ahead of them will rank in investment character at least on a par with the average mortgage bond, because an enterprise must enjoy a high credit rating to obtain funds on its unsecured long-term bond
5. Example: As an example of this point, let us consider the Cudahy Packing Company First Mortgage 5s, due 1946, and the Debenture 5½s of the same company, due 1937
6. But if the investor has confidence in the future of Cudahy, why should he not buy the debenture issue and obtain an enormously greater return on his money? The only answer can be that the investor wants the superior protection of the first mortgage in the event his judgment proves incorrect and the company falls into difficulties
7. They include previously ineligible debenture issues of very strong telephone and industrial companies
8. Going behind the form to the substance, we may point out that this characteristic is essentially true also of investment-trust debenture obligations
9. For it makes little practical difference whether the portfolio is physically pledged with a trustee, as under a collateral-trust indenture, or whether it is held by the corporation subject to the claim of the debenture bondholders
10. Example: The Reliance Management Corporation Debenture 5s, due 1954, are an instance of the working of these protective provisions
11. To use an analogy: If it had been the general practice here, as in England, to avoid mortgage-bond issues wherever possible, using them only where doubtful credit made this protection necessary, then we might find that mortgage bonds in general would occupy an investment position distinctly inferior to that of debenture bonds
12. The Atchison Adjustment 4s are the best known example, being followed by 4% fixed-interest debenture issues which have regularly sold at a lower price except briefly in 1938
13. Note that in 1931 they sold as low as 35, whereas the 1st Consolidated Guaranteed 5s, due 1938, sold at 45 and the Canadian Pacific (unsecured) Debenture stock sold at 56
14. The stockholders ratified a plan under which in effect they surrendered 75% of their stock interest, which was given in turn as a bonus to those who supplied the $11,600,000 required by purchasing debenture notes
15. Example: The New York, New Haven, and Hartford Railroad Company sold a number of debenture issues between 1897 and 1908
16. In 1939 the (unsecured) debenture 4s, due 1957, sold at one-third the price of the (secured) debenture 4s, due 1956, e
17. As a concrete example, let us assume that the investor buys an issue such as the Liggett and Myers Tobacco Company Debenture 5s, due 1951, which earned their interest an average of nearly twenty times in 1934–1938, as compared with the minimum requirement of three times
18. Commonwealth Edison Company Convertible Debenture 3½s, Due 1958
19. (See White Sewing Machine Corporation Participating Debenture 6s, due 1940; United Steel Works Corporation Participating 6½s, Series A, due 1947; neither of which is convertible
20. Examples: American Telephone and Telegraph Company Ten-year Debenture 4½s, due 1939, issued in 1929, were made convertible into common at $180 per share during 1930, at $190 per share during 1931 and 1932, and at $200 per share during 1933 to 1937, inclusive
21. Youngstown sold a 6% debenture issue at 99 to supply funds for this purchase
22. Fisk Rubber Company First 8s and Debenture 5½s, Due 1941 and 1931
23. The aggregate values of the cash and the new securities at the close of 1933 came close to 100% for the 8% bonds and 70% for the debenture 5½s
24. Sometimes debenture issues, properly so entitled because originally unsecured, later acquire specific security through the operation of a protective covenant, e
25. Another example was the Debenture 6½s of Fox New England Theaters, Inc
26. An unusual case is afforded by Wabash Railway Noncumulative Income Debenture 6s, due 1939, interest on which was payable “from net income
27. Contrast this with the full payment in October 1932 of the unpurchased portion of Savoy Plaza Corporation Debenture 5½s, which had also been guaranteed by United States Realty and Improvement
28. Examples: Richfield Oil Corporation Debenture 4s, due 1952
29. Early in 1934, the United States Radiator Corporation asked the debenture holders to modify the provisions respecting both working-capital maintenance and sinking-fund payments
30. 9 These anomalous securities were variously entitled “investment certificates,” “convertible debenture certificates,” “interest-bearing allotment certificates,” and “convertible obligations
31. Paul and Pacific 5% income debenture bonds, at 68, yielded 7
32. This represented a value of only 27 for the debenture issues, or a loss of 75% of the original price instead of a profit of over 100%
33. (Actually it would be charging itself about 15% annual interest on the “proceeds” of the $99 million debenture issue
34. A 12 percent 12-year subordinated debenture with a bullet maturity may be (and probably is) much cheaper money than a margin loan bearing a current interest cost of 6 percent
35. $654 million) into Greentown, half in common stock and half in a convertible debenture
36. In a poorly financed company, would one prefer to have had the company issue subordinated debentures or a preferred stock, which is, of course, subordinated to the debentures? If there is a failure to pay interest or principal on a subordinated debenture, the one remedy available to the subordinated creditor is to declare an event of default
37. For example, a typical 20-year publicly owned subordinated debenture might have a sinking fund provision that becomes operative after 10 years and provides thereafter for annual redemptions of 3 percent of the issue at par
38. Typically, the issuer’s right to voluntarily call a publicly held subordinated debenture with equity privileges is pervasive
39. The notes held by the institutional investors, by contrast, contained protective provisions that were far stronger than those found in any publicly traded subordinated debenture of which we are aware
40. A new convertible debenture provided cash of $40 million, but cash was already down to $10
41. 5 million Southmark subordinated convertible debenture, $10