BEIJING, May 24 (Reuters) - China will continue to liberalise interest rates, make the yuan currency more responsive to market forces and more convertible this year, the government said on Friday.
year bond yield down 5 basis points (bps) at 7.33 percent, while the new 10-year paper down 3 bps at 7.12 percent, as sentiment bullish ahead of the debt sale later in the day. RUPEE -------------- The partially convertible
basis point (bp) at 7.37 percent while the new 10-year paper down 2 bps at 7.13 percent, as sentiment bullish ahead of the debt sale later in the day. RUPEE -------------- The partially convertible rupee at 55.
Suntech Power ( STP ) has reached over $1 per share with a market cap of over $200 million. At the same time, Suntech's convertible bonds haven't budged in value from 20+ cents on the dollar. After consulting two sources, who wish to remain nameless
* Pricing at tight end of 1-1.5 pct coupon (Adds size increase, pricing details, banker comments)
LONDON, May 23 (IFR) - National Bank of Abu Dhabi took advantage of rarity value to upsize its convertible bond issue to US$465m this afternoon and still achieve a coupon of 1%, the tight end of guidance.
Ed's IRA: Harbor International HAINX 136,143 7.49 Ed's IRA: Sequoia SEQUX 87,400 4.81 Ed's IRA: Vanguard Convertible Securities VCVSX 40,791 2.24 Ed's IRA: Vanguard Primecap VPMCX 66,275 3.65 Ed's IRA: UST Inflation Indexed
Tesla ( TSLA ), as expected, has paid off the entire loan awarded by the U.S. Department of Energy in 2010. The amount left on the loan had been $451.8M. TSLA funded the payment from a $1B stock and convertible senior note offering completed last week. 3 comments!
350 million unsecured term loans to 'BBB-' from 'BB+'; --$2.1 billion senior unsecured notes to 'BBB-' from 'BB+'; --$320.5 million senior unsecured convertible notes to 'BBB-' from 'BB+'; --$405 milli
Hi folks, I own some VCVSX and am interested in views on the convertible bond space. Is there something unique return wise that isnt available from straight bond or equity investing? Anyone else in convert funds? Pros and cons? Thanks...