BNET Business Dictionary
Business Definition for: Convertible Security
- a convertible bond, warrant, or share of preferred stock
Additional Resources
- Convertible Security
- This document explains the term Convertibles, sometimes called CVs, are referring to either a convertible bond or a preferred stock convertible. A convertible bond is a bond which can be converted into the company's common stock. Convertibles typically offer a lower yield than a regular bond because there is the...
- White papers
- The Wisdom of Convertible Securities
- James Cullen submits: Last time, we discussed how investors willing to analyze opportunities up and down a company’s capital structure open up numerous possibilities to generate absolute returns - in particular through looking for undervalued embedded options in convertible securities. Reading the last article will be helpful to understanding...
- External links 2009-01-06
- Electronic Control Security Inc. Announces Dividend on Series A Convertible Preferred Stock
- The Board of Directors of Electronic Control Security Inc. (OTC BB: EKCS) declared the accrued dividend on outstanding shares of Series A Convertible Preferred Stock for the four quarters from issuance through March 14, 2003. The dividend is payable on March 31, 2003, in shares of common stock. Holders...
- Research articles 1970-01-01
- Citizens Utilities convertible preferred security offering increased due to strong demand
- STAMFORD, Conn.--BUSINESS WIRE--Jan. 19, 1996--Citizens Utilities announced today the sale of 4 million of its 5% Convertible Preferred Securities at $50 per security through managing underwriters Merrill Lynch & Co. and Lehman Brothers.Each security is convertible into 3.25 shares of Citizens' Common Stock Series A, representing an initial conversion...
- Research articles 1996-01-19
- Citizens Utilities announces convertible preferred security offering
- STAMFORD, Conn.--BUSINESS WIRE--Dec. 26, 1995--Citizens Utilities announced today that it intends to proceed with a convertible preferred security offering in early 1996. According to Robert J. DeSantis, Citizens' vice president and treasurer, the company plans to offer approximately $175 million of its Equity Providing Preferred Income Convertible Securities ("EPPICS")....
- Research articles 1995-12-26
- Is Convertible Stock the Smartest Way to Own Bank of America?
- James Cullen submits: Note: This article is part of a series I contributed to on strategies individual investors can use to manage risk while still capturing solid returns. Part I is here, and Part II is linked to below. Last time, we discussed how investors willing to analyze opportunities...
- External links 2009-01-13
- U.S. Home & Garden Announces Pricing Of Non-Convertible Subordinated Debt In The Form of Trust Preferred Offered By U.S. Home & Garden Trust I
- SAN FRANCISCO--BUSINESS WIRE--April 13, 1998--U.S. Home & Garden Inc., (NASDAQ:USHG) announced that the offering by its recently formed wholly-owned business trust subsidiary, U.S. Home & Garden Trust I, of $55,000,000 liquidation amount non-convertible subordinated debt financing in the form of a trust preferred security has been priced with a yield...
- Research articles 1998-04-13
- GVI Security Solutions Convertible Notes to be Converted to Common Stock by Recent Investors
- CARROLLTON, Texas -- GVI Security Solutions, Inc. (OTCBB:GVIS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that investors in the Company's $5 million October private placement financing have agreed to the conversion of their secured convertible notes immediately upon the effective...
- Research articles 2006-11-21
- GVI Security Solutions Effects Reverse Stock Split
- $4.5 Million of Convertible Notes Are Converted to Common Stock CARROLLTON, Texas- -- GVI Security Solutions, Inc. (OTCBB:GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that its previously approved 1-for-50 reverse stock split became effective today. In conjunction with...
- Research articles 2006-11-28
- Freeport-McMoRan Copper & Gold Inc. (FMCG).(debt security placement)(Brief Article)(Statistical Data Included)
- * US-based Freeport-McMoRan Copper & Gold Inc. FMCG plans to place US$300 million in convertible debt securities with qualifying institutional investors. The notes would mature in 2006 and would be convertible into common shares in FMCG. The is * US-based Freeport-McMoRan Copper & Gold Inc. FMCG...
- Research articles 2001-08-03
- CORRECTING and REPLACING Apollo Gold Announces Substitution of Black Fox for US$10.9 Million Cash Collateral as Security for Series B Convertible Debentures Issued on November 4, 2004.
- DENVER, COLORADO, Jan 11, 2006 CCNMatthews via COMTEX -- The following corrects and replaces the release sent on Jan. 9, 2006 at 0711 ET. The ticker symbols for the release should read (TSX:APG)(AMEX:AGT). The complete and corrected release follows. APOLLO GOLD ANNOUNCES SUBSTITUTION OF...
- Research articles 2006-01-11
- Pricing Inflation-Indexed Convertible Bonds with Credit Risk
- Issuing convertible bonds has become a popular way of raising capital by corporations in the last few years. An important subgroup is convertibles linked to a price index or exchange rate. The valuation model of inflation-indexed (or equivalently foreign-currency) convertible bonds derived in this paper considers two sources of uncertainty...
- White papers 2002-10-30
- Critical Issues in Evaluating the Creditworthiness Of Convertible Debt Securities
- The dollar volume of outstanding convertible debt securities has grown more than 50% per year over the past five years, driven in part by issuers in search of cheap debt financing and in part by investors in search of the upside potential of a stock with the security of a...
- White papers 2001-07-01
- OSI Pharmaceuticals Files Resale Registration Statement for Previously Issued Convertible Notes; Registration Statement Effective Upon Filing with the SEC
- MELVILLE, N.Y. -- OSI Pharmaceuticals, Inc. (Nasdaq: OSIP) announced today that it filed with the Securities and Exchange Commission a registration statement on Form S-3 for the resale by selling security holders of notes and underlying shares of common stock relating to its previously issued 2.00% Convertible Senior Subordinated Notes...
- Research articles 2006-03-24
- Costco files for resale of convertible notes
- ISSAQUA, WASH. - Costco filed a registration statement with the Securities and Exchange Commission for resale by existing security holders of $900 million in convertible notes due 2017 and 10.2 million common shares into which the notes are convertible. The company originally sold the notes Aug. 19 and received gross...
- Research articles 1997-12-08
- McMoRan Exploration Co. Announces Offering of $75 Million of Convertible Notes
- NEW ORLEANS -- McMoRan Exploration Co. (NYSE: MMR) announced today that it plans to offer privately $75 million in convertible notes. The notes will be due in 2011 and convertible, at the option of the holders, into shares of McMoRan's common stock at a conversion price to be determined on...
- Research articles 2004-09-23
- AuthenTec Fingerprint Sensor Adds Power of Touch Features to New Fujitsu LifeBook U810 Mini Convertible Notebook
- MELBOURNE, Fla. -- AuthenTec (NASDAQ:AUTH), the world's leading provider of fingerprint sensor products and solutions, announced today that its fingerprint sensors are being integrated into the new Fujitsu LifeBook[R] U810 mini convertible notebook. This Microsoft Windows Vista[R]-enabled mini convertible notebook, available next month, is the latest in a growing number...
- Research articles 2007-08-30
- United Financial to Purchase First Security Bank
- Business Editors ST. PETERSBURG, Fla.--BUSINESS WIRE--Oct. 6, 2000 United Financial (Nasdaq:UFHI) announced today an agreement to purchase 100% of the stock of First Security Bank, located in Sarasota. The agreement was executed this week by both companies, subject to First Security Bank shareholder approval. The purchase price was...
- Research articles 2000-10-06
- SafeNet Inc. to sell $200M worth of convertible subordinated notes
- SafeNet Inc., of Belcamp, a provider of Internet security technology, said it plans to sell $200 million worth of convertible subordinated notes in a private placement to qualified institutional buyers. The company said it will use $50 million of the net proceeds to purchase shares of its common stock through...
- Research articles 2005-12-08
- Moody's assigns A rating to Convertible Electric Revenue Bonds of Las Cruces, New Mexico; Final bondholder security will rest on outcome of system acquisition attempt by the city
- NEW YORK--BUSINESS WIRE--Oct. 16, 1995--Effective today, Moody's assigned an A rating to $73,840,000 State Gross Receipts Tax Convertible Electric Revenue Bonds issued by the city of Las Cruces, New Mexico.
- Research articles 1995-10-16
