BNET Business Dictionary
Business Definition for: Convertible ARM
- an adjustable-rate mortgage that the borrower can convert into a fixed-rate mortgage under specified terms
Additional Resources
- Fitch Rates ArvinMeritor's $175MM Sr Unsec'd Convertible Debt 'BB-'
- CHICAGO -- Fitch Ratings has assigned a 'BB-' rating to ArvinMeritor's ARM issuance of $175 million (with a potential upsizing to $200 million) in convertible senior unsecured notes. The issue has a 4% coupon and matures in 2027. Net proceeds are expected to be used to repay in full the...
- Research articles 2007-02-07
- Barclays Capital wins bookrunner role on Hilton convertible.
- Byline: Shanny Basar Barclays Capital, the investment banking arm of the UK bank, has won its second role as a bookrunner role on a convertible bond this year with a [pounds sterling]300m ([euro]432m) issue from Hilton Group, the hotel and betting chain, alongside Deutsche...
- Research articles 2003-09-02
- Thornburg Mortgage Announces Offering of up to $500 Million of Series F Cumulative Convertible Redeemable Preferred Stock
- SANTA FE, N.M. -- Thornburg Mortgage, Inc. (NYSE:TMA), a leading single-family prime residential mortgage lender focused principally on the jumbo segment of the adjustable-rate mortgage ARM market, today announced the launch of an underwritten public offering of Series F Cumulative Convertible Redeemable Preferred Stock, with gross proceeds of up to...
- Research articles 2007-08-30
- Goldman's private equity arm plans to invest in Geely
- A private equity unit of Goldman Sachs is poised to invest around $250m in Geely Automobile Holdings, China's largest privately-owned car maker, according to a person familiar with the matter.Goldman Sachs Capital Partners will buy convertible bonds and warrants issued by Geely's Hong Kong-listed subsidiary. People familiar with the...
- External links 2009-09-20
- Nokia's venture capital arm invests in Chinese KongZhong
- NORDIC BUSINESS REPORT-19 February 2009-Nokia's venture capital arm invests in Chinese KongZhongC1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com Venture capital firm Nokia Growth Partners, controlled by Finnish mobile handset maker Nokia (NYSE: NOK) (Helsinki: NOK1V), has agreed to invest USD6.8m in Chinese mobile internet company KongZhong (NASDAQ: KONG), the companies announced...
- Research articles 2009-02-19
- Reader's Digest Files For Ch 11 Bankruptcy For U.S. Arm
- This had been brewing for a while: Reader's Digest company has filed for a pre-arranged Chapter 11 bankruptcy. The company was acquired for $1.6 billion by a consortium of investors, led by PE firm Ripplewood, in 2006. It hired law firm Kirkland & Ellis earlier this year to look...
- External links 2009-08-17
- Goldman to Invest in Chinese Car Maker
- Zacks.com submits: An investment arm of Goldman Sachs Group Inc. GS is poised to invest about $250 million in Geely Automotive - China's largest privately-owned carmaker - by purchasing the company's convertible bonds and warrants. Geely Automotive is the Hong Kong-listed arm of Chinese automaker Geely Holding. Goldman...
- External links 2009-09-23
- HP Goes Multitouch Crazy With TouchSmart All-In-Ones and Tx2 Updates [Hp]
- Copy this whole post to another site HP was ahead of the touch game even before Windows 7's finger friendliness, so it makes sense that the crazy computer maker decided to take after fluffy bunnies and breed lots of touch PCs. In time for Windows 7's launch, HP will release...
- News items 2009-10-12
- JP Morgan's Conway joins Commerzbank Securities.
- Byline: Shanny Basar Roddy Conway has crossed over from research to sales as he joins the convertible bond sales team at Commerzbank Securities, the investment banking arm of the German bank.Conway had previously been head of European convertible research at JP Morgan since October...
- Research articles 2002-09-12
- Redaurum Substantially Eliminates All of Its Debt Through Redemption of Debentures
- TORONTO--BUSINESS WIRE--Feb. 5, 1997--(TSE:RRK) Redaurum Limited (the "Company") announced today that it had entered an agreement with the holders to redeem in full its two outstanding convertible debentures with an aggregate principal amount of Cdn. $6,000,000. The convertible debentures were due to mature on May 31, 1997....
- Research articles 1997-02-05
- Redaurum Closes Transaction to Redeem $6,000,000 Debentures
- TORONTO--BUSINESS WIRE--March 7, 1997--(TSE RRK.) Redaurum Limited (the "Company") announced today that it had closed the previously announced transaction to redeem in full its two outstanding convertible debentures with an aggregate principal amount of Cdn $6,000,000. The convertible debentures were due to mature on May 31, 1997....
- Research articles 1997-03-07
- Norway's Think EV Adds U.S. Board Members, GM Connection
- Think, the European battery car maker, will soon be speaking Norwegian with an unmistakable American accent. The company, once an arm of Ford, has some $47 million in new investment partly from American investors and, after it conquers Asia and Europe, an ambitious U.S. expansion plan. Think...
- Blog posts 2009-08-31
- CMF acts against CAI Chevreux.
- Byline: William Wright The Conseil des Marches Financiers, the French regulator, has launched disciplinary proceedings against CAI Cheuvreux, the brokerage arm of Credit Agricole, over a convertible bonds scandal uncovered last year. The disciplinary action is a step up from an...
- Research articles 2001-11-05
- IT solutions company nets Rs 13.3 crore.
- Jan. 22--NEW DELHI -- NIIT Technologies, the IT solutions company of NIIT, reported a 133 percent increase in its net profit to Rs 13.3 crore for the quarter ending December 2004 over the same period last year. NIIT Ltd, the training arm, registered a...
- Research articles 2005-01-22
- Valence Technology Announces Private Financial Transaction; Assigns Preferred Stock Redemption Rights to Berg & Berg Enterprises
- AUSTIN, Texas -- Valence Technology Inc. (Nasdaq:VLNC), developers of SaphionR technology, the first commercially available, safe, phosphate-based lithium-ion battery technology, today announced that Riverview Group LLC, the private equity investment arm of Millennium Partners LP, have requested redemption of $4.3 million of series C-2 convertible preferred stock. Berg & Berg...
- Research articles 2005-07-14
- Intel bankrolls Unwired's capital works program with $37m.
- Byline: Andrew Colley and Chris Jenkins Aug 25, 2005 (The Australian - ABIX via COMTEX) -- Australian internet service provider, Unwired, has gained funding from computer chip maker,...
- Research articles 2005-08-25
- Boeing picked to install its Class 3 Electronic Flight Bag on SonAir's 737-700s.
- M2 PRESSWIRE-24 March 2006-BOEING COMPANY: Boeing picked to install its Class 3 Electronic Flight Bag on SonAir's 737-700sC1994-2006 M2 COMMUNICATIONS LTD RDATE:23032006 SEATTLE - Boeing [NYSE: BA] and SonAir, the air transportation arm of Angola's national oil company Sonangol, today announced...
- Research articles 2006-03-24
- Sequans Secures New Financing of $28 Million
- Reliance Technology Ventures Limited and Swisscom Among New Backers of Leading WiMAX Chipmaker PARIS & CUPERTINO, Calif. -- SEQUANS Communications, a leading supplier of fixed and mobile WiMAX chips, has raised 28 million USD in a new round of equity-based and convertible debt financing. Major telecom operator Swisscom, and...
- Research articles 2008-02-11
- Gilat to Set up Fully-Owned Subsidiary in India.(Brief Article)
- One of the top five very small apparatus terminal VSAT systems and communications equipment companies in the world, Gilat Satellite Network, is setting up a fully-owned subsidiary in India. The Indian arm, named Gilat Satellite Networks India, with foreign equity up to $100,000 will...
- Research articles 2001-02-01
- Gilat to Set up Fully-Owned Subsidiary in India.(Brief Article)
- One of the top five very small apparatus terminal VSAT systems and communications equipment companies in the world, Gilat Satellite Network, is setting up a fully-owned subsidiary in India. The Indian arm, named Gilat Satellite Networks India, with foreign equity up to $100,000...
- Research articles 2001-02-01
