Corporate bonds last issue date 5 Jun 2015

  1. 15,056 Posts.
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    From http://cbonds.com/emissions/issue/145757

    Are these revised issues of the old convertible bonds or new bonds or what?  

    Some interesting elements of the page

    Column 1 Column 2
    0 Nominal, minimum settlement amount USD 200,000
    1 Outstanding principal amount USD 150,000
    2 Par, integral multiple USD 1,000
    3 Amount 200,000,000
    4 Outstanding amount 150,000,000
    5 Outstanding face value amount 112,500,000
    6 Convertible Yes
    7 Convertability conditions ticker LNC SP, initial premium 27.5, convertible until 31mar2018


    Column 1 Column 2
    0 Placement participants Bookrunner:Credit Suisse
    1 Added issue date 05/18/2015
    2 Last updated issue date 06/05/2015
    Note American dates

    soft call: 10apr2016 - 10apr2018 the trigger is 130% of the initial stock price;
    Column 1 Column 2 Column 3
    0 Date Option type Price
    1 04/10/2016 call 100
    2 04/10/2016 put 100


    I have never traded bonds so I would need to do some reading to understand the implications - any financial gurus out there care to put into Lay terms what this means for Linc - is it a good deal, bad deal etc.
 
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