PNV 9.45% $2.30 polynovo limited

PNV - Chart, page-17646

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    "Tranches are segments created from a pool of securities—usually debt instruments such as bonds or mortgages—that are divvied up by risk, time to maturity, or other characteristics in order to be marketable to different investors. Each portion or tranche of a securitized or structured product is one of several related securities offered at the same time, but with varying risks, rewards and maturities to appeal to a diverse range of investors"

    It's simply the wrong word for the context...
 
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