290 Sentences With "par value" | Random Sentence Generator

Par value on bonds downgraded was $68.3 billion versus $24.5 billion of par value that experienced upgrades.

The Company's share capital, previously composed of 157,132,025 shares with a par value of 22016,21,2521 euro, is now composed of 21,2199,22016 shares, with a par value of 20271623,22027162,1.6403 euro.

Rubis reduced the par value of its shares to 1.25 euros.

The new par value will therefore increase from 0.3 euros to 6.0 euros.

So far, the banks have avoided further writedowns by transferring their loans at par value.

This adjustment reflects changes to common stock recorded at par value on our balance sheet: 231h.

Gift cards and cash back also offer sub-par value compared to using points for travel.

One of them would have a fixed interest rate and a total par value of $26.7 billion.

The buyback offer for Heta bonds for 75 percent of their par value runs until March 11.

FHLB advances to all insurance company members grew to represent 15.6% of par value as of Sept.

The company, founded in 2003, plans to place 223,948 shares with par value of 0.10 rouble each.

If implemented, settlement of the bonds will be at par value 2 billion rand plus accrued interest.

Kering completed tender offer to redeem four bonds at par value of 369.8 million euros ($13 million).

It said the bonds would have a par value of 100,000 euros per bond and bear no interest.

The shares will be delisted on April 28 with a par value of 1 Swiss franc ($0.9744) each.

The 7 percent, 28-year bonds were sold at a big discount but have since risen above par value.

Francisco Briganty, a 72-year-old retiree, paid par value for the $375,000 he invested in Puerto Rico's government bonds.

Fitch said that the downgrading of Puerto Rico's credits contributed significantly to the par value of debt that incurred downgrades.

The bonds are currently bid at 102.12 percent of par value, having traded as low as 81 percent on Jan.

Current trading of the bonds would indicate that general obligation debt would take a 30 percent haircut from the par value.

Its bonds trade well below their par value, and credit ratings agency Moody's Investors Service has called its capital structure "unsustainable".

Other entries that I liked include ONE PLEASE, DR. PEPPER, CELADON, BLONDE ALE, TOY POODLES, POTPIES, BANANA BOAT, PAR VALUE and ARM RESTS.

Coach's offer will be for all the outstanding shares of Kate Spade's common stock, with a par value of $1 per share, Coach said.

If the Murban contract is on par value with liquidity, down the road, some US companies might want to price their crude oil against it.

Banks funded the acquisition in January and have been working since then to offload pieces of the debt to investors at discounts to par value.

It sold a three-year bond with a coupon of 7.625 percent that could be redeemed after two years at just 101 percent of par value.

Lending Club repurchased those loans at par value, the sources said, but the incident put the spotlight on the relatively new business of peer-to-peer lending.

By buying back the debt, Deutsche can lock in a small profit, as some of the debt is trading at high yields — below par value, in other words.

Of all infrastructure sectors measured by Thomson Reuters - including water and sewer, highways and airports - public power saw the biggest drop in issuance of 57.4 percent below par value.

Equity shares traded per day * For Dec 2016, in global execution services, KCG bondpoint averaged $239.7 million fixed income par value traded per day * For Dec 2016, consolidated u.s.

For the shortest and longest holes in our dataset of each par value, it lists the chances of each score for the best and worst golfers that played them.

Based on the OWGRs of the golfers in that event and the hole's par value and distance, EAGLE expected the group to average 0.145 strokes below par on number 14.

Thyssenkrupp plans to issue 56,593,794 new no-par-value bearer shares to obtain "the financial leeway to support organic growth" in its industrial goods business, the steelmaker said on Monday.

"GO and COFINA bondholders' interests are in direct opposition," Nuveen Asset Management, which holds around $300 million in par value of insured Puerto Rican paper, said in a note this month.

If a bond carries a coupon of 6 percent, for example, the issuer would be expected to pay 103 percent of the par value of the bond to redeem it early.

Bonds that are not converted into shares will be redeemed at par value plus accrued interest on 6 June 2017 Source text for Eikon: Further company coverage: (Reporting By Joachim Dagenborg)

Market conventions have been for the call price to be equal to the par value of the bond plus half of the coupon on the first call date, decreasing by half afterwards.

While par value of trades rose, the number of trades in the second quarter of 2016 fell to 2.34 million, an 8.4 percent drop from the second quarter of 2015, it said.

Equity shares traded per day for jan * KCG Holdings Inc - in global execution services KCG bondpoint averaged $239.9 million fixed income par value traded per day for jan * KCG Holdings Inc - consolidated u.s.

This amount would be applied towards a partial early redemption of the notes at a discount of around 15 percent to par value for note holders seeking an early exit, the sources said.

Investment company Al Qudra Holding listed on the Abu Dhabi exchange's second market and was the second most heavily traded stock, closing at 1.23 dirhams compared to its par value of 1.00 dirham.

New common shares will be issued at 35.72 reais and new class "B" preferred shares will be issued at 37.50 reais, all new book entry shares with no par value, the company said.

In the secondary market, government and corporate bonds are trading above par value and as the Reserve Bank of New Zealand (RBNZ) embraces a prolonged easing bias, those premiums will only increase, he added.

Egypt's index fell 26 percent, but Orascom Development surged 2620 percent after the board proposed a share split that would change the par value of the stock to 20.2 Egyptian pound from 21 pounds.

Separately, Varta shareholder Montana Tech Components via its unit VGG GmbH said it decided to sell up to 07003,000 existing no-par value bearer shares in Varta in a private placement to institutional investors.

The transactions targeted in the proposal only account for about 1%-3% of the total number of trades between 2013 and 2017, but represent a hefty 33-41% of their total par value traded.

Entered into an equity sales agreement * May issue and sell shares of common stock, par value $0.001 per share, having aggregate offering price of up to $400 million Source text for Eikon: Further company coverage:

Announces public offering of common shares * Scorpio Bulkers Inc - ‍intends to offer, issue and sell to public 10 million shares of its common stock, par value $0.01 per share Source text for Eikon: Further company coverage:

Dated September 25, 2017 issued by CSRC * CSRC approved bank's non-public issuance of up to 80 million offshore preference shares, with each share having a par value of RMB100 Source text for Eikon: Further company coverage:

The portfolio, which has a par value of 385 million euros, is made up of defaulted bilateral and syndicated loans, mainly secured by industrial, residential and commercial real estate assets, Bain said, without giving further financial details.

The DMO also reduced the par value for government-issued sukuk, or Islamic bonds, from 1 million Saudi riyals ($266,666.67) to one thousand, signaling further government efforts to facilitate access to the bond market for retail investors.

Distressed debt investors fed speculation last year that WICET's banks, nervous that the project would find it tough to service debt amid the coal price slide, were looking to sell the loan backing the port below par value.

Bonds due in 2035 with an 8 percent coupon traded below $50 of their $100 par value with several $1 million-plus transactions, including an inter-dealer trade at $49.785, reported on the Municipal Securities Rulemaking Board's website.

When news broke that JP Morgan had purchased Lending Club loans from Santander, and the transaction was carried out with a premium to par value of the loans, it confirmed that Santander lost no money from Lending Club loans.

ENTIRE BOARD OF DIRECTORS OF LIFEWATCH IS RESIGNING AS OF JULY 21, 2017 * ‍PROPOSES CREATION OF ADDITIONAL CONDITIONAL CAPITAL OF UP TO 50'000 SHARES WITH A PAR VALUE OF CHF 65'000 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

With a humped green that can send even well-placed approach shots scurrying away from the flag, Pebble's 14th is the hardest hole, relative to a typical hole of its distance and par value, measured at any major this millennium.

The U.S. territory's general obligation bonds due in 2035 with an 8 percent coupon, which traded down to $53 on Monday, sank to around $52 of its $100 par value, according to Municipal Market Data, a unit of Thomson Reuters.

"If you own individual bonds outright, they will continue to pay the stated coupon rate, and mature at par value regardless of price changes," said Amy Hubble, a certified financial planner and principal at Radix Financial in Oklahoma City, Oklahoma.

The 'Dear CEO' letter on the subject of preference shares follows a phase of instability in the pricing of such instruments after insurer Aviva announced an intention to cancel certain irredeemable shares it had issued at or close to par value.

Using those accounts, Eden Arc bought medium and long-term bonds, as well as certificates of deposits, that include so-called "death puts" that allow a deceased person's beneficiaries to sell the bonds back to the issuers at full par value.

HANOI, Oct 24 (Reuters) - Vietnamese lender Vietcombank has secured approval to sell non-convertible bonds worth 2 trillion dong ($89.6 million) at par value, the State Securities Commission (SSC) said in a statement on the Ho Chi Minh Stock Exchange on Monday.

ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK * SAYS PUBLIC OFFERING OF 58.7 MILLION COMMON SHARES PRICED AT $1.50PER SHARE * PRICING OF PUBLIC OFFERING OF 58.7 MILLION SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE Source text for Eikon: Further company coverage:

The bank plans to raise as much as 5.17 billion yuan ($785 million) in an issue that would consist of no more than 5.17 billion shares at par value of 1 yuan per share, it said in a stock exchange filing Monday night.

Equity shares traded per day for May * Kcg Holdings Inc says in global execution services, kcg bondpoint averaged $337.8 million fixed income par value traded per day for May * Kcg Holdings Inc - ‍in global execution services, kcg institutional equities averaged 202.7 million u.s.

The sources said the company had also held talks with the Emirates Securities Authority about issuing mandatory convertible bonds, but any such issue could prove tricky because the company's share price was below the 1 dirham par value, their nominal value for accounting purposes.

Since Treasurys, rated Aaa by Moody's Investor Service, are the closest thing to a bond with no risk of default, an investor who buys them at par value will get 22022 percent of principal back when the bond matures, along with all the interest paid in between.

Equities in April * In global execution services Kcg institutional equities averaged 195.5 million U.S. Equity shares traded per day in April * In global execution services KCG bondpoint averaged $344.5 million fixed income par value traded per day in April Source text for Eikon: Further company coverage:

ZTE said it planned to issue no more than 687 million of its Shenzhen-listed A shares with a par value of 1 yuan per share to less than 53 specific subscribers, supporting its plans to invest 42.9 billion yuan over three years in 5G technology.

DUBLIN, June 9 (Reuters) - Ireland's state-run "bad bank" selected U.S. private equity firm Oaktree Capital Group LLC as preferred bidder for two portfolios of non-performing loans that have a combined par value of 4.7 billion euros ($5.3 bln), a source close to the deal said on Thursday.

The offering will consist of an aggregate of (i) 2803,29204,2033 shares of common stock, par value $233 per share, (ii) Series A warrants to purchase up to an aggregate of 117170,27494,277 shares of common stock, and (iii) pre-funded Series B warrants to purchase up to an aggregate of 5,387,064 shares of common stock.

With Neiman Marcus' bonds trading at about half their par value, a sale of the company would likely require creditors accepting a steep haircut on their holdings, making an acquisition challenging to structure and pull off, especially for Hudson's Bay, which has market capitalization of C$2.1 billion ($1.6 billion) and net debt of $4.5 billion.

Announces offering of subordinated notes * MB Financial - ‍commenced offering of depositary shares, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) * MB Financial - ‍commenced an registered public offering of depositary shares, par value $0.01 per share, with liquidation preference of $1,000 per share * MB Financial Inc - ‍co's unit MB Financial Bank, n.a.

Par value, in finance and accounting, means stated value or face value. From this come the expressions at par (at the par value), over par (over par value) and under par (under par value).

Most jurisdictions do not allow a company to issue stock below par value. Even in jurisdictions that permit the issue of stock with no par value, the par value of a stock may affect its tax treatment. For example, Delaware permits the issue of stock either with or without a par value, but by choosing to assign a par value, a corporation may significantly reduce its franchise tax liability. No-par stocks have "no par value" printed on their certificates.

Instead of par value, some U.S. states allow no-par stocks to have a stated value, set by the board of directors of the corporation, which serves the same purpose as par value in setting the minimum legal capital that the corporation must have after paying any dividends or buying back its stock. Also, par value still matters for a callable common stock: the call price is usually either par value or a small fixed percentage over par value. The shares in a corporation may be issued partly paid, which renders the owner of those shares liability to the corporation for any calls on those shares up to the par value of the shares.

In the case of stock certificates, face value is the par value of the stock. In the case of common stock, par value is largely symbolic. In the case of preferred stock, dividends may be expressed as a percentage of par value. The face value of a life insurance policy is the death benefit.

Many firms authorize shares with some nominal par value, often the smallest unit of currency commonly in use (such as one penny or $0.01), in many jurisdictions due to legal requirements. The firm may then sell these shares for a much higher price (as the par value is a largely archaic and fictional concept). Any premium received over the par value is credited to capital surplus.

The par value of stock remains unchanged in a bonus stock issue but it changes in a stock split. In accounting, the par value allows the company to put a de minimis value for the stock on the company's financial statement. Par value is also used to calculate legal capital or share capital. Many common stocks issued today do not have par values; those that do (usually only in jurisdictions where par values are required by law) have extremely low par values (often the smallest unit of currency in circulation), for example a penny (USD$0.01) par value on a stock issued at USD$25.00/share.

The cemetery's plan was tweaked to provide for even smaller par values for the refunding bonds. In total, $500,000 ($ in dollars) in refunding bonds were proposed, 350 at $1,000 par value, 50 at $500 par value, and 1,250 at $100 par value. Five months after Garfield began his lobbying effort, 75 percent of bondholders approved the plan. The remaining approvals were received in June 1892, and the LVCA board of directors authorized issuance of the refunding bonds.

The par value of stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a share is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today, where stock issuance prices must usually be published.

BOPP is symbol representing Benso Oil Palm Plantation Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 16 April 2004. Its traded securities are ordinary shares of no par value. BOPP has a total of 50,000,000 authorised shares of no par value and 34,800,000 issued shares.

CLYD is symbol representing Clydestone Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 19 May 2004. Its traded securities are ordinary shares of no par value. CYLD has a total of one hundred million (100,000,000) authorised shares of no par value and 5,548,500,000 issued shares.

Listings On Stock Exchange, New York Times, May 6, 1920, p. 20 Company stockholders approved an increase of common stock from 340,000 to 500,000 shares on January 5, 1926. The shares were changed from $10 to no par value. They agreed to an issuance of 25,000 shares of 7 per cent preferred stock with $100 par value.

If they had received $10,000 in stock for a $5,000 capital contribution, they would not only lose their $5,000 investment but also be personally liable for the additional $5,000, whether they were the aforementioned promoter lying about the value of their contribution or an innocent investor relying on par value to gauge the true value of the corporation. Because par value was such an unreliable indicator of the actual value of stock and high par values could create liability for investors if the corporation went into bankruptcy, corporate lawyers began advising their clients to issue stocks with low par values. The legal capital or "stated capital" of the corporation would still be determined based on par value, but the balance sheet would include the investment over par value as a capital surplus, and everything would still balance. In 1912, New York authorized corporations to issue "no par stock" with no par value at all in which case the board of directors would allocate the incoming capital between stated capital and capital surplus.

1969 $100,000 Treasury Bill Treasury bills (T-bills) are zero-coupon bonds that mature in one year or less. They are bought at a discount of the par value and, instead of paying a coupon interest, are eventually redeemed at that par value to create a positive yield to maturity.Treasury Bills, TreasuryDirect.gov. U.S. Department of Treasury, Bureau of Public Debt.

The network listed 12.5 billion authorized capital stocks, which is divided into 5 billion common stocks with par value of each and 7.5 billion preferred stocks with par value of each. Under GMA Network Inc., Duavit also serves as the chairman of GMA Pictures and GMA Worldwide (the network's trans-Pacific broadcaster targeted for Overseas Filipinos); president and CEO of Scenarios Inc. (set production and design), Script2010 Inc.

New Sunday Times. Critics argued, however, that the usage of par value was antiquated and did not reflect the true value of the equity owned.Backman, Michael (Nov. 15, 2006).

In some jurisdictions, each share of stock has a certain declared par value, which is a nominal accounting value used to represent the equity on the balance sheet of the corporation. In other jurisdictions, however, shares of stock may be issued without associated par value. Shares represent a fraction of ownership in a business. A business may declare different types (or classes) of shares, each having distinctive ownership rules, privileges, or share values.

The agents accepted the note, bought the insurance, and agreed to purchase the bonds he was selling. To further boost confidence, Kelley also offered to accept canal bonds at par value in payment for any property he had for sale. Since the state's bonds were selling well below par value at the time, Kelley took considerable risk in making the offer. Kelley was forced to conceal how he had personally guaranteed the bonds and bond interest payments.

ALW is symbol representing Aluworks Ltd. on the Ghana Stock Exchange. It was listed on the Stock Exchange on 29 November 2004. Its traded securities are ordinary shares of no par value.

GWEB is symbol representing Golden Web Ltd. on the Ghana Stock Exchange. It was listed on the Stock Exchange on 29 August 2005. Its traded securities are ordinary shares of no par value.

American stock promoters in the late 1800s could inflate their claims about a company's assets and profitability, and sell stocks and bonds in excess of the company's actual value. To do so, they would contribute property to a new corporation in return for stock at an inflated par value. On the balance sheet, the property would be the corporation's only capital, and because legal capital was fixed to aggregate par value, the value of the property would go up.Browder, Clifford.

In 2012, world media was reporting on the "biggest debt- restructuring deal in history", which included the "very large haircut" of some "70 percent of par value" of Greek state bonds, in NPV terms.

Cassa di Risparmio di Carpi was found in 1843 in Carpi in the Duchy of Modena and Reggio, in the Austrian Empire. On 24 January 1992 the bank was split into Cassa Risparmio Carpi S.p.A. and Fondazione Cassa di Risparmio di Carpi. The foundation also sold a minority interests to Casse Emiliano Romagnole (2 million number of shares with 10,000 lire par value, 20% of total share capital as of 1993), which in turn the banking foundation became a minority shareholders of 1,868,750 shares with 10,000 lire par value (€5.16) in the holding company.

In this method, the paid-in capital account is reduced in the balance sheet when the treasury stock is bought. When the treasury stock is sold back on the open market, the paid-in capital is either debited or credited if it is sold for less or more than the initial cost respectively. Another common way for accounting for treasury stock is the par value method. In the par value method, when the stock is purchased back from the market, the books will reflect the action as a retirement of the shares.

The course today is from its longest tees. Walking is allowed. It has a par value of 70, a rating of 72.6 and a slope of 135. Some celebrity players have included Bob Hope, Tom Brokaw and Sean Connery.

The securities issued at the primary market can be issued in face value, premium value, and at par value. Once issued, the securities typically trade on a secondary market such as a stock exchange, bond market or derivatives exchange.

Commonly, the share capital is the total of the aforementioned nominal share capital and the premium share capital. Conversely, when shares are issued below par, they are said to be issued at a discount or part-paid. Sometimes, shares are allocated in exchange for non-cash consideration, most commonly when corporation A acquires corporation B for shares (new shares issued by corporation A). Here the share capital is increased to the par value of the new shares, and the merger reserve is increased to the balance of the price of corporation B. In practice, the concept of "par value" has very little meaning, since shares usually represent a residual claim; they do not endow their owners with a claim toward any fixed sum of money. In some jurisdictions, share par values have been either abolished or made optional, so a corporation can issue shares having no par value.

G. Foster Joins the A. B. Chase-Emerson Corp. The Music Trade Review vol. 88, no. 6 (Feb. 9, 1929) p.19 That June, Lindeman & Sons reduced their capital from 2,000 shares of $100 par value to 100 shares no par.

TLW is symbol representing Tullow Oil Plc on the Ghana Stock Exchange. It was listed on the Stock Exchange on 27 July 2011. Its traded securities are ordinary shares of no par value. TLW has a total of 903,846,948 issued shares.

No-par stock is stock issued with no par or face value. In modern practice, par value is an antiquated concept and no-par stock is increasingly common. In most jurisdictions, the par value of a stock is the lowest possible price at which a company could issue stock, and amounts equivalent to the aggregate par values of the stock were required to have special treatment as stated capital in accounting. No-par stocks often require the board of directors of a company to determine a stated value when issuing no-par stock to replace the par- determined capital amounts.

Compound interest includes interest earned on the interest which was previously accumulated. Compare for example a bond paying 6 percent biannually (that is, coupons of 3 percent twice a year) with a certificate of deposit (GIC) which pays 6 percent interest once a year. The total interest payment is $6 per $100 par value in both cases, but the holder of the biannual bond receives half the $6 per year after only 6 months (time preference), and so has the opportunity to reinvest the first $3 coupon payment after the first 6 months, and earn additional interest. For example, suppose an investor buys $10,000 par value of a US dollar bond, which pays coupons twice a year, and that the bond's simple annual coupon rate is 6 percent per year. This means that every 6 months, the issuer pays the holder of the bond a coupon of 3 dollars per 100 dollars par value.

The Gibraltar pound (currency sign: £; banking code: GIP) is the currency of Gibraltar. It is pegged to – and exchangeable with – the British pound sterling at par value. Coins and banknotes of the Gibraltar pound are minted or printed by the Government of Gibraltar.

GCB is symbol representing Ghana Commercial Bank Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 17 May 1996. Its traded securities are ordinary shares of no par value. GCB has 1,500,000,000 authorised shares and 265,000,000 issued shares.

Some, however, criticised the government, alleging that par value did not accurately reflect the value of the enterprises studied, and claimed that a portion of GLC equity should be considered Bumiputra-held. Ooi, Jeff (2006). "Equity share: Is race-based methodology relevant?" .

To raise working capital, United Gold Coast Mining Properties Ltd offered shares at par value to Mr Hilder and others with an option to take further shares at par for two years. After the share price rose, Mr Hilder wished to exercise his option.

CPC is symbol representing Cocoa Processing Company on the Ghana Stock Exchange. It was listed on the Stock Exchange on 14 February 2003. Its traded securities are ordinary shares of no par value. CPC has a total of 20,000,000,000 authorised shares and 1,100,826,240 issued shares.

Foster (1981) 273 Brownlee, circa 1940 In his capacity as UGG general counsel, Brownlee was responsible for its restructuring. Its bylaws provided that only farmers could buy shares directly from the company, but placed no limitation on who could buy them from other shareholders. This had the effect of limiting capital inflow, since few farmers could afford to buy shares during the depression, and transferring control of the company to non- farmers, who were purchasing shares from impoverished farmers. Brownlee's solution was to create two classes of share: an investment share with a par value of $20, and a voting share with a par value of $5.

TOTAL is symbol representing Total Petroleum Ghana Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 19 July 1991. Its traded securities are ordinary shares of no par value. TOTAL has a total of 50 million authorised shares and 13,948,259 issued shares.

UTB is symbol representing UT Bank Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 25 November 2008. Its traded securities are ordinary shares of no par value. UTB has a total of 750 million authorised shares and 456,310,181 issued shares.

AADs is symbol representing AngloGold Ashanti Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AADs has a total of four million (4,000,000) authorised shares and 978,000 issued shares.

AGA is symbol representing AngloGold Ashanti Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AGA has a total of six million (600,000,000) authorised shares and 403,364,237 issued shares.

CAL is symbol representing CAL Bank Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 5 November 2004. Its traded securities are ordinary shares of no par value. CAL has a total of one billion (1,000,000,000) authorised shares and 548,261,549 issued shares.

CMLT is symbol representing Camelot Ghana Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 17 September 1999. Its traded securities are ordinary shares of no par value. CMLT has a total of twenty million (20,000,000) authorised shares and 6,829,276 issued shares.

EGL is symbol representing Enterprise Group Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 21 February 1992. Its traded securities are ordinary shares of no par value. EGL has a total of 200 million authorised shares and 131,210,825 issued shares.

FML is symbol representing Fan Milk Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 18 October 1991. Its traded securities are ordinary shares of no par value. FML has a total of 200 million authorised shares and 118,707,288 issued shares.

GGBL is symbol representing Guinness Ghana Breweries Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 23 August 1991. Its traded securities are ordinary shares of no par value. EGL has a total of 200 million authorised shares and 211,338,142 issued shares.

GOIL is symbol representing Ghana Oil Company Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 16 November 2007. Its traded securities are ordinary shares of no par value. GOIL has a total of 1,000,000,000 authorised shares and 252.22 million issued shares.

GSR is symbol representing Golden Star Resources Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 15 February 2008. Its traded securities are ordinary shares of no par value. GSR has Unlimited (Under Canadian Law) authorised shares and 259,105,970 issued shares.

HFC is symbol representing HFC Bank Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 17 March 1995. Its traded securities are ordinary shares of no par value. HFC has a total of 1 billion authorised shares and 296,080,918 issued shares.

MLC is symbol representing Mechanical Lloyd Company Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 10 May 1994. Its traded securities are ordinary shares of no par value. MLC has a total of 100 million authorised shares and 50,095,925 issued shares.

PKL is symbol representing Pioneer Kitchenware Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 25 August 1995. Its traded securities are ordinary shares of no par value. PKL has a total of 100 million authorised shares and 33.34 million issued shares.

PZC is symbol representing PZ Cussons Ghana Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 12 November 1990. Its traded securities are ordinary shares of no par value. PZC has a total of 200 million authorised shares and 168,000,000 issued shares.

SIC is symbol representing SIC Insurance Company Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 25 January 2008. Its traded securities are ordinary shares of no par value. SIC has a total of 500 million authorised shares and 195,645,000 issued shares.

SOGEGH is symbol representing Societe Generale Ghana Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 13 October 1995. Its traded securities are ordinary shares of no par value. SOGEGH has a total of 500 million authorised shares and 333,393,894 issued shares.

SPL is symbol representing Starwin Products Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 29 December 2004. Its traded securities are ordinary shares of no par value. SPL has a total of 500 million authorised shares and 74,244,825 issued shares.

" Bluebacks " recovered par value, and were called in and redeemed by the government. Valuable diamond mines were also discovered within the Orange Free State, of which the one at Jagersfontein is the richest. Capital from Kimberley and London was soon provided with which to work them.

Many market-linked CDs have a call and liquidity feature. This allows the issuing bank to redeem the CD before it matures. The call price determines how much interest the investor earns. Many investors can receive a premium over par value when liquidating the market- linked CD.

In December 2006 Huai'an Municipal Government also sold their stake to Jiangyin Wande (). The shareholder of Jiangyin Wande, Li Xinren (), also owned the shares of Shagang Group. In 2011 the company was re-incorporated as a company limited by shares, issuing 1.431 billion shares with par value each.

ACI is symbol representing African Champion Industries Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 2 May 1992. Its traded securities are ordinary shares of no par value. ACI has a total of 500 million authorised shares and 36.603 million issued shares.

TBL is symbol representing Trust Bank Limited (The Gambia) on the Ghana Stock Exchange. It was listed on the Stock Exchange on 15 November 2002. Its traded securities are ordinary shares of no par value. TBL has a total of 200 million authorised shares and 200,000,000 issued shares.

40, no. 8: 1344–1345. The term is most commonly used to refer to a form of securities fraud common under older corporate laws that placed a heavy emphasis upon the par value of stock.Dodd, David L. Stock Watering: The Judicial Valuation of Property for Stock-Issue Purposes.

A discount rate is applied to calculate present value. For an interest- bearing security, coupon rate is the ratio of the annual coupon amount (the coupon paid per year) per unit of par value, whereas current yield is the ratio of the annual coupon divided by its current market price. Yield to maturity is a bond's expected internal rate of return, assuming it will be held to maturity, that is, the discount rate which equates all remaining cash flows to the investor (all remaining coupons and repayment of the par value at maturity) with the current market price. Based on the banking business, there are deposit interest rate and loan interest rate.

At that time, it paid the largest estate tax in Missouri. The estate par value was over $1.2 million in 1921. Eleven nephews and nieces contested the will, from both the Geist family and the Van Raalte family. They claimed that Rosa had poisoned the mind of Jacob against them.

The $42.22 par value was made official in September 1973, long after it had been abandoned in practice. In October 1976, the government officially changed the definition of the dollar; references to gold were removed from statutes. From this point, the international monetary system was made of pure fiat money.

The exchange also received exemption in four new states: Texas, Kentucky, Oklahoma, and Kansas. By January 1937, there were 82 members. In 1937, the curb sold only 560,584 shares with $26,000 par value of bonds. As of February 1938, the exchange had 77 members, many of whom were also involved in other exchanges.

Pursuing a progressive policy, the Government in 1991, announced its plans to privatize PTCL, and in 1994 issued six million vouchers exchangeable into 600 million shares of the would-be PTCL in two separate placements. Each had a par value of Rs. 10 per share. These vouchers were converted into PTCL shares in mid-1996.

KES and KSS both had concessions which expired on the same date, in March 1924. At this point the municipality was free to purchase the companies at par value. A municipal committee was appointed in 1922 to look into the matter. KES was valuated at NOK 9 million, while KSS was worth NOK 12.5 million.

In 2005 Banca CR Firenze purchased an additional 9% ordinary shares from the foundation for €32,533,751.25. The foundation retained 74,151,005 ordinary shares (40% of all ordinary shares) and 15,200,000 preferred shares (38% of all preferred shares) as at 31 December 2006 for €0.63 par value (increased from €0.52 in 2005), which equivalent to 39.65% total share capitals.

Secondly, the sell side may price the CLN based on the issued asset in USD. This in turn does not appropriately reflect the Yield to Maturity of the underlying asset as it approaches par value at maturity. Thirdly, the underlying asset may be inflation linked, or have periodic paydowns that compound the first and third issues mentioned before.

The 10 billion rubles banknote was never put into circulation. The 1923 series bill at par value of 1 chervonets was neither put into circulation. Shortly thereafter, these banknotes were replaced although the authorities of the Soviet Armenia had the December 20, 1920 decree stipulating that the circulation of banknotes of the Soviet Russia was mandatory, too.

The IMF sought to provide for occasional discontinuous exchange-rate adjustments (changing a member's par value) by international agreement. Member nations were permitted to adjust their currency exchange rate by 1%. This tended to restore equilibrium in their trade by expanding their exports and contracting imports. This would be allowed only if there was a fundamental disequilibrium.

One bearer share par value of 150 roubles of The Lena Gold Mining Partnership. St. Petersburg, 1912 Scripophily.ru Ancient Russian Securities Share warrant The Lena Goldfields, Limited. 1910Scripophily.ru Ancient Russian Securities In 1855, two merchants, Pavel Basnin and Petr Katyshevtsev, members of the top guild and honorary citizens of Irkutsk, founded the Lena Gold Mining Partnership.

The bank operated by redeeming country banks' notes at par value, so long as the banks maintained an account with Suffolk Bank. To qualify for such an account, a bank was required to remit a starting deposit of $2,000 or more, and—in the case of banks not located in Boston—to maintain a sufficient balance to redeem any of the banks' notes that Suffolk Bank might receive for redemption. Beginning in 1824, "all of the banks in Boston, with the exception of the New England [a competing clearinghouse bank], agreed to make the Suffolk Bank their agent for the redemption of bills of outside banks." The Suffolk Bank enabled member banks to deposit notes from other banks at par value, and to be credited for these deposits within one business day.

He had reportedly acquired 20 shares in a company called "Schnellpressenfabrik Frankenthal AG", which was 75% state owned, and of which Nowack, as regional finance minister, was the ex-officio chairman. He had acquired his shares at a price equivalent to 120% of their par value. However, at around the same time the company had itself acquired shares from a private share holder at a price equivalent to 200% of their par value. The conclusion drawn by the prosecutor was that Nowack had acquired his shares for a price equivalent to only 60% of their "true" value, and that a corresponding loss had been suffered by the company. The total value at which Nowack had acquired his shares was a not insubstantial 216,000 Marks, implying a corresponding loss to the company of 144,000 Marks.

In 1928, the Banco Central took over paper money issuance, with notes for 1, 5, 10, 20, 50, 100, 500 and 1000 bolivianos. 5000 and 10,000 boliviano notes followed in 1942. Post-inflation economic period annual percentage rate capital appreciation and growth made all the inflation period bolivianos cash banknotes at par value current and legally circulating with the new.

However, there had been no ascertainable trend in the amount of writedowns taken. Firms have reported discounts ranging from 0-73% of par value. IncrediMail, Ltd. proved the most extreme example of this as it booked an impairment of 98% off face value for its ARS holdings, while Berkshire Hathaway took no impairment on its more than $3.5 billion of these securities.

Pull to Par is the effect in which the price of a bond converges to par value as time passes. At maturity the price of a debt instrument in good standing should equal its par (or face value). Another name for this effect is reduction of maturity. It results from the difference between market interest rate and the nominal yield on the bond.

Various related yield-measures are then calculated for the given price. Where the market price of bond is less than its face value (par value), the bond is selling at a discount. Conversely, if the market price of bond is greater than its face value, the bond is selling at a premium. For this and other relationships between price and yield, see below.

Founded in 1922 and incorporated in Dover, Delaware, in February 1929, the company's initial capitalization was 1,500,000 shares of stock of no par value. Incorporators were Alfred G. Mueller, Alfred W. Boser, and Atlee W. Estarbrook, of New York City.Starrett Corporation, Wall Street Journal, February 22, 1929, pg. 14. With its subsidiaries the business had a total capitalization of approximately $40,000,000.

However, the figures were disputed by the government, which used par value instead of market value to calculate equity, did not consider any portion of government-linked companies to be Malay-owned, and looked at all 600,000 registered companies instead of just the publicly listed ones.Ahmad, Abdul Razak & Chow, Kum Hor (Oct. 22, 2006). "The nation's economic pie in perspective", pp. 20-21\.

The coupon rate (or nominal rate or nominal yield) of a fixed income security is the (annualized) amount of the coupon, which is a fixed percentage of the par value. Unlike current yield, it does not vary with the market price of the security. The coupon rate is typically stated in the name of the bond, such as "US Treasury Bond 6.25%".

A decrease in the value of a country's money was called a devaluation, while an increase in the value of the country's money was called a revaluation. It was envisioned that these changes in exchange rates would be quite rare. However, the concept of fundamental disequilibrium, though key to the operation of the par value system, was never defined in detail.

Colonists outside a crude machine shop at the Llano del Rio colony, 1914. To become a member of the colony, one was required purchase exactly 2,000 stock shares and to reside at Llano at the par value of $1 per share.Conkin, Two Paths to Utopia, pg. 108. Colonists were allowed to buy a maximum of three fourths of their stock shares on credit.

Retrieved 28 August 2010. To fund the acquisition and internal growth strategy and to satisfy the Rykoff family members looking for liquidity, S.E. Rykoff & Co. became a public company. In October 1972, S.E. Rykoff & Co. issued 400,000 shares at $25 par value in the over the counter market (NASDAQ). S.E. Rykoff & Co. was generating $1.9 million in profits with revenue of $75.9 million.

RS motors like the RS 380 and RS 540 are still used today in car, boat and aircraft models. Also in October, in order to change the par value of its stock, Takamatsu Lumber Co., Ltd. (established 1926) was merged and the company name was changed to Tokyo Science Co., Ltd. At the same time, the headquarters was moved to Katsushika Ward in Tokyo.

The government fixes the exchange value of the currency. For example, the European Central Bank (ECB) may fix its exchange rate at €1 = $1 (assuming that the euro follows the fixed exchange-rate). This is the central value or par value of the euro. Upper and lower limits for the movement of the currency are imposed, beyond which variations in the exchange rate are not permitted.

Charles W. Nibley and Merril Nibley resigned from the company and were replaced by William Henry Wattis as vice president and general manager. Additional financial directors were also added to the board. The par value of the stock was reduced in October 1922, reducing the market capitalization to $14.4 million, leaving a credit balance of $9.6 million. A preferred stock offering was given to common stockholders.

In February 1870, Reaney, Son & Archbold attempted a financial restructure by creating a new entity called the Reaney Engineering and Shipbuilding Works of Chester, with an authorized capital of $750,000 and shares with a par value of $100. The restructure failed and Reaney, Son & Archbold went into receivership in January 1871.Swann, p. 53. In June 1871, the New York-based industrialist John Roach bought the Reaney shipyard for $450,000.

However, the term has different definitions in different contexts. For example, it could refer to the money that a company gets from potential investors, in addition to the stated (nominal or par) value of the stock, which coincides with the definition of additional paid-in capital, or paid-in capital in excess of par. One should be aware of the use of the term and the abbreviation, which can confuse.

Under the Act, the interest rate of the stock was reduced to 2% in 1903, and the stock given a first redemption date of 5 April 1923, after which point the stock could be redeemed at par value by Act of Parliament. In 1927 Chancellor Winston Churchill issued a new government stock, 4% Consols, as a partial refinancing of the National War Bonds issued in 1917 during World War One.

In 1969 the Caumasee (lake), together with its bathing and other recreational facilities, was sold back to the municipality. The period was one of further growth, with revenues increasing by 10% each year. (The Swiss annual inflation rate averaged only 2.52% between 1956 and 2015, despite briefly rising above 5% in the late 1960s.) Shareholders were receiving dividends equivalent to 9% of the par value of their shares.

The Stock Trading Center of Vietnam is also the official mechanism through which new government bonds are issued, and it functions as the secondary market for a number of existing bond issues. All securities traded on the Stock Trading Center of Vietnam are denominated in Vietnamese dong (VND). Par value is standardized at VND10,000 for equities and VND100,000 for bonds. Trading is conducted daily with two matching sessions: morning (9 a.m.

The problem was that the coins were over-rated: their face values were greater than their bullion value. Banks would only accept them at a discount, while farmers and merchants found they had to take them at par value. The difference in values affected the farmers and merchants, and also had the effect of crowding the government one-dollar and two-dollars notes out of circulation.Graham, p. 107.

AIB's initial authorized capital stock has yet to be determined. It will be divided into a number shares with a specific par value, which shall be available to members for subscription in accordance with the provisions in the Agreement. The authorized capital stock shall be divided into paid-in shares and callable shares. The BOG will occasionally determine the proportion of authorized capital in paid-in shares and callable shares.

Farmers merged with National City Bank in 1929 and he became president of the new bank. He became chairman in 1933. In attempts to keep the bank afloat during the Great Depression par value was cut by 40 percent and $50 million in preferred stock was sold to the Reconstruction Finance Corporation. He died of a heart attack while still chairman shortly after having dinner with Arthur M. Anderson in Mount Kisco, New York.

On July 8, 1999, Asian Pacific Equity Corporation (), a company also owned and controlled by Lucio Tan, acquired 100% ownership of Twin Ace Holdings Corporation via a share swap with Twin Ace's existing shareholders. On November 10, 1999, APEC changed its corporate name to Tanduay Holdings, Inc. () and increased authorized capital from 1 billion pesos to 5 billion pesos at a par value of 1.00 peso per share. In October 2012, Tanduay Holdings, Inc.

In the financial crises of 1818–19 and 1837–41, many banks failed, leaving their money to be redeemed below par value from reserves. Sometimes the notes became worthless, and the notes of weak surviving banks were heavily discounted. The Jackson administration opened branch mints, which over time increased the supply of coins. Following the 1848 finding of gold in the Sierra Nevada, enough gold came to market to devalue gold relative to silver.

The mixed team's Modern pentathlon competitions at the 2010 Summer Youth Olympics in Singapore were held on August 24, at the Singapore Sports School. Each team contained one male and one female pentathlete. Only the fencing, swimming, shooting and running portions were done at the Youth Olympics. The results of each of the four segments of the modern pentathlon were converted into points scores based on a par value of 1000 points per event.

The boy's Modern pentathlon competitions at the 2010 Summer Youth Olympics in Singapore were held on August 22, at the Singapore Sports School. Only the fencing, swimming, shooting and running portions were done at the Youth Olympics. The results of each of the four segments of the modern pentathlon were converted into points scores based on a par value of 1000 points per event. Competitors doing better than par would receive more points.

An ABCXYZ Company bond that matures in one year, has a 5% yearly interest rate (coupon), and has a par value of $100. To sell to a new investor the bond must be priced for a current yield of 5.56%. The annual bond coupon should increase from $5 to $5.56 but the coupon can't change as only the bond price can change. So the bond is priced approximately at $100 - $0.56 or $99.44 .

The end of the redback coincided with the presidency of John Tyler in the United States, who had proposed a regulated paper money system called the Exchequer plan. Upon resuming the Texas presidency, Sam Houston attempted to restore the negotiable note system under the name of "exchequer bills." This effort had little success until the following year, when economic conditions throughout North America began to improve. By 1845 the bills were passing at par value.

The girl's Modern pentathlon competitions at the 2010 Summer Youth Olympics in Singapore were held on August 21, at the Singapore Sports School. Only the fencing, swimming, shooting and running portions were done at the Youth Olympics. The results of each of the four segments of the modern pentathlon were converted into points scores based on a par value of 1000 points per event. Competitors doing better than par would receive more points.

The stocks of all Uzbek joint stock companies (around 1,250) are traded on RSE. The number of listed companies as of January 2013 exceeds 110. Securities market volume reached 2 trillion in 2012, and the number is rapidly growing due to the rising interest by companies of attracting necessary resources through the capital market. According to Central Depository as of January 2013 par value of outstanding shares of Uzbek emitters exceeded nine trillion.

John and William Rockefeller, Flagler, Harkness, and Andrews took almost all the shares. A new investor, Oliver B. Jennings (William Rockefeller's brother-in-law), invested $100,000 in the new company and was given 1,000 shares. The old company of Rockefeller, Andrews & Flagler was given 1,000 shares as a reserve. The stock was set at a $100 per share par value ($ in dollars), and Standard Oil paid a 105 percent dividend in 1870 and 1871.

Arne Wam responded by stating that NSB wanted to liquidate the company. NSB therefore offered to purchase all shares in the company at par value, despite the company not having any net assets. By 2 November, all owners, except the two environmental organizations the Norwegian Society for the Conservation of Nature and Nature and Youth, had sold their shares to NSB. The two environmental organizations owned 7 of 40,000 shares of the company.

The cemetery was founded in 1884, and was the only cemetery in the area until Forest Lawn Memorial Park was constructed in 1906. The site was heavily wooded, and its 4 percent grade provided good drainage. The burial ground was purchased by local builder Len C. Davis in 1919 and incorporated in late December with capital stock worth $20,000 ($ in dollars). (Each stock was worth $100 par value.) A perpetual care trust was also established for the first time.

Although not obligated to do so, auction-running broker-dealers may provide a secondary market for auction rate securities between auctions. If such a market develops, securities can be traded between interested clients at a discount from par value with accrued interest. However, auction-running broker-dealers are generally reluctant to facilitate secondary trading at a discount from par, due to the fact that in doing so they would necessitate markdowns to the value of other clients' holdings.

On September 17, 1894, Koyle and five of his friends started excavating the place on the mountain which he had seen in his dream. The mine is located east of Salem on the Wasatch Mountains at the base of what is now called Knob Hill. It was incorporated on March 4, 1909, and 114,000 shares of stock were issued. About 42,000 shares with a par value of $1 were sold to the public for $1.50 per share.

When banks failed their notes were redeemed for bank reserves, which often did not result in payment at par value, and sometimes the notes became worthless. Notes of weak surviving banks traded at steep discounts. During the Great Depression, people who owed money to a bank whose deposits had been frozen would sometimes buy bank books (deposits of other people at the bank) at a discount and use them to pay off their debt at par value.Benjamin Roth, ed.

A. L. Pratt was selected as company President, and A. G. Gilman and George H. Gerpheide were the vice presidents. George B. Davis was the secretary and S. B. Monroe the treasurer.Kalamazoo Gazette, 8 November 1921 The new corporation was capitalized at 5,000,000 preferred shares and 5,000,000 shares of no-par value common stock.Kalamazoo Gazette, 8 December 1921 By 1925 the Allied Paper Mills employed 1500 people and had produced 2,725 railroad car loads of paper in that year.

Clarke, p. 189 During this period he also oversaw the sale by the state of its interests in the New York, New Haven and Hartford Railroad and the Hoosac Tunnel. He was at first criticized for the relatively low price (shares were sold at 1/3 of par value), but it was later seen to be a good deal. With Governor Robinson retiring in 1886, Ames won election as Governor of Massachusetts, and served three lackluster one-year terms.

In an effort to increase market share, the firm sold 6,000 shares in October 2006 through Wegagen Bank and its main office based in Mek'ele. They had a par value of 5,000 birr. Shares worth six million birr were sold to 700 new shareholders."Selam Bus changes course to tour operations" Capital, Ethiopia website (accessed April 17, 2009) In November 2008, the company announced it would move from general public transportation to providing tourist transportation services.

To finance the costs of World War I, the U.S. Government increased income taxes (see the War Revenue Act of 1917) and issued government debt, called war bonds. Traditionally, the government borrowed from other countries, but there were no other countries from which to borrow in 1917. The Treasury raised funding throughout the war by selling $21.5 billion in 'Liberty bonds.' These bonds were sold at subscription where officials created coupon price and then sold it at par value.

The solution was to collect the US and British coins and export them, while providing that in the future, their par value would be fixed by statute at only 80% of their face value. Francis Hincks, back in office as federal Minister of Finance, worked with bankers led by William WeirDictionary of Canadian Biography: "Weir, William". to successfully repatriate the silver coins to the United States and Britain. There was a similar issue with copper coinage.

On 28 July 1953 the company, Nanwa Gold Mines, Ltd., devised a scheme whereby it would reduce its capital and issue one million new shares with a par value of one shilling to generate fresh capital.[1955] 3 All ER 219 at 221-222 Without such capital it would be unable to continue its business. Notices were sent to the shareholders advising them of the proposed scheme, and inviting them to subscribe for the new share issuance.

They then used the funds to purchase Union Pacific stock at par value and resell it on the open market for even greater profits. Durant changed the company name to the Crédit Mobilier of America. The scandal involving the sale of discounted Credit Mobilier stock to Congressional members voting for payment of exorbitant transcontinental railroad construction costs took place during the Johnson administration but was uncovered during the Grant administration. Green died in Dalton, a city that he had helped to build.

Indorama Ventures Public Company Limited became a public company on September 25, 2009. As of December 31, 2014, the Company has registered capital of Bt 5,666,010,499 with paid-up capital of Bt 4,814,257,245 totaling 4,814,257,245 ordinary shares at par value of Bt 1 per share. The major shareholder of the Company is Indorama Resources Limited, owned 99.99% by Canopus International. (Canopus International is owned by Mr. Aloke Lohia and his immediate family and Mr. Sri Prakash Lohia and his immediate family).

Ownership of shares may be documented by issuance of a stock certificate. A stock certificate is a legal document that specifies the number of shares owned by the shareholder, and other specifics of the shares, such as the par value, if any, or the class of the shares. In the United Kingdom, Republic of Ireland, South Africa, and Australia, stock can also refer to completely different financial instruments such as government bonds or, less commonly, to all kinds of marketable securities.

The credit spread reflects the risk of default. Risk free interest rates are determined by market forces and vary over time, based on a variety of factors, such as current short-term interest rates, e.g. base rates set by central banks such as the US Federal Reserve, the Bank of England in the UK, and the Euro Zone ECB. If the coupon on the bond is lower than the yield, then its price will be below the par value, and vice versa.

Those allowed to purchase shares at par value could reap enormous capital gains simply by offering these discounted shares on the market, knowing that they would be purchased at a higher price by investors desiring to own stock in such a profitable company. These same members of Congress made the company appear to be profitable by voting to appropriate additional government funds to cover Crédit Mobilier's inflated charges. Ames's actions became one of the best-known examples of graft in American history.

A partly paid share is a share in a company which has only partial been paid compared to the par value, with the understanding that as the company requires more funds, calls will be made from time to time until the shares are fully paid, when no further calls can be made. The amounts may be specified in the prospectus or unspecified and the shareholder is liable when a call is made by the company until the shares are fully paid.

The bank was formally organized on June 1, 1795, and received its charter on February 9, 1796, from the Delaware General Assembly with capital stock of $100,000. With Joseph Tatnall as president and John Hayes as cashier, it opened at Fourth and Market Streets on August 17. In 1816, the bank moved to a new building on the east corner of Sixth and Market Streets. The bank was issued a new charter in 1820, and doubled its stock's par value by 1850.

However, none of the three lines connected with each other and KKS had to lease track from KSS.Fasting: 58 KSS had a concession which expired in 1905, at which time the municipality could purchase the company at par value. This raised a new debate concerning public or private operations, with many Conservative politicians calling for the privatization of KKS.Fasting: 64 In the 1904 municipal election the issue was raised, with the Liberal Party and the socialist parties running for municipalization of tram operations.

Evidence before the special committee exonerated Blaine. Garfield had said in September 1872 that Ames had offered him stock but he had repeatedly refused it. Testifying before the committee in January, Ames said he had offered Garfield ten shares of stock at par value, but that Garfield had never taken them or paid for them, though a year passed, from 1867 to 1868, before Garfield had finally refused. Appearing before the committee on January 14, 1873, Garfield confirmed much of this.

A reverse convertible security or convertible security is a short-term note linked to an underlying stock. The security offers a steady stream of income due to the payment of a high coupon rate. In addition, at maturity the owner will receive either 100% of the par value or, if the stock value falls, a predetermined number of shares of the underlying stock. In the context of structured product, a reverse convertible can be linked to an equity index or a basket of indices.

Zero coupon bonds were first introduced in the 1960s but did not become popular until the 1980s. The use of such instruments was aided by an anomaly in the US tax system, which allowed for deduction of the discount on bonds relative to their par value. The rule ignored the compounding of interest and led to significant tax-savings when the interest is high or the security has long maturity. Although the tax loopholes were closed quickly, the bonds themselves have remained desirable because of their simplicity.

Mandatory convertibles are a common variation of the vanilla subtype, especially on the US market. Mandatory convertible would force the holder to convert into shares at maturity—hence the term "Mandatory". Those securities would very often bear two conversion prices, making their profiles similar to a "risk reversal" option strategy. The first conversion price would limit the price where the investor would receive the equivalent of its par value back in shares, the second would delimit where the investor will earn more than par.

Because of the high interest rate they paid, the bonds were sold at above par value, but the government received only par for them and left the company to pocket the difference. Boyle sponsored a motion of non-confidence against the government. Despite enjoying the support of twelve Liberals, including Cushing, the motion was defeated and the government upheld. Rutherford attempted to quell the controversy by calling a royal commission, but pressure from many Liberals, including Bulyea, led him to resign May 26, 1910.

If the bond is held until maturity, the bond will pay $5 as interest and $100 par value for the matured bond. For the $99.44 investment, the bond investor will receive $105 and therefore the yield to maturity is 5.56 / 99.44 for 5.59% in the one year time period. Then continuing by trial and error, a bond gain of 5.53 divided by a bond price of 99.47 produces a yield to maturity of 5.56%. Also, the bond gain and the bond price add up to 105.

On 12 June 1967, the currency union came to an end and Malaysia, Singapore and Brunei each began issuing their own currencies: the Malaysian ringgit, Singapore dollar and Brunei dollar. The currencies of the three countries were interchangeable at par value under the Interchangeability Agreement until 8 May 1973 when the Malaysian government decided to terminate it. Brunei and Singapore continue with the Agreement until the present day. The Board of Commissioners of Currency Malaya and British Borneo was officially wound up on 30 November 1979.

The Hamilton Steelers were a soccer team in Hamilton, Ontario, Canada. The team was known as Hamilton Italo-Canadian Soccer Club from 1958 to 1960 when they played in the National Soccer League, then switched their name to the Steelers in 1961 when they joined the Eastern Canada Professional Soccer League. According to the Hamilton Spectator, the club was "incorporated in 1959 and capitalized at $200,000 with common shares bearing a par value of $1." In 1961, major shareholders were John Agro and Arnold Martini.

This stock would be paid back at 7% interest, was offered at 70% of par value, and was redeemable at 102%. Only 15% of the hoped-for stock was subscribed. Heber J. Grant had the LDS church subscribe to the remainder (almost $2 million), and also advanced a loan to the company. Grant and Reed Smoot also persuaded the War Finance Corporation and U.S. President Warren Harding to loan $9.5 million to the Sugar Beet Finance Corporation, organized between Amalgamated Sugar and Utah-Idaho Sugar.

Public sale of the phalanx's lands began in April 1850. By the end of the summer most of the land had been sold, with the money received used to buy back outstanding shares of stock, with the formal understanding that any surplus generated over par value would be split by the corporation's former stockholders.Pedrick, "Sketch of the Wisconsin Phalanx," pp. 216-217. A surplus of approximately 8 percent over par was accumulated during the sell-off and distributed to former members according to this formula.

Perhaps half of the 161,282 double eagles struck at Philadelphia that year display the overdate. In 1916, minting of double eagles ceased, as bullion prices were rising because of World War I, which also caused an influx of American gold coins from Europe. Holders of gold coin, such as banks, refused to pay them out at par value, and they vanished from circulation. In the aftermath of the war, international demand for the coin was restored; many Europeans distrusted their local currencies and desired double eagles to hold.

Fondazione Cassa di Risparmio di Vercelli was the owner of all of the share capital of the bank in 1992, for 35 billion lire par value. However, after the merger with C.R. Biella, the foundation only owned 26.2% of 235 billion lire share capital of Cassa di Risparmio di Biella e Vercelli (BiverBanca). The foundation further reduced the ownership as their investment in 1997 by selling around 14.4% shares of the bank to Banca Commerciale Italiana. After 2008 recapitalization of the bank, the foundation further reduced to own about 6% shares of the bank only.

A group of Boone business leaders realized a need for a hotel to accommodate tourists, traveling salesmen, visiting court officials, and new faculty at Appalachian State Normal School. The group of leaders included G.P. Hagaman, R.C. Rivers, F.A. Linney, and W.H. Gragg. They incorporated the Daniel Boone Hotel Company and issued 500 shares at a par value of $100 per share in order to begin construction. Crossing the front porch, hotel guests entered into a spacious lobby with a grand staircase and two large fireplaces on both sides.

The I&L;'s finances appear to have been rocky throughout its short history. As the author of a study on the Pere Marquette Railway noted: > The Ionia and Lansing Railroad (sic) had difficulty in getting sufficient > money to finish its construction and its credit was so bad that it received > $770,000 of cash out of a bond issue with a par value of $1,820,000. Later > on, in order to complete the line, it had to take on a second mortgage on > its property from Lansing to Greenville.Ivey (1919), 251.

It posted a profit of 290.6 million Egyptian pounds for the first nine months of 2008, a 29.2 percent growth compared to the same period in the previous year. Its assets were valued at 14.6025 billion Egyptian pounds at the end of the third quarter of 2008. The bank's authorized and paid capital was 1 billion Egyptian Pounds distributed on 100 million shares with a par value of 10 Egyptian Pounds each. It has 41 branches located across Egypt from Cairo and Alexandria to Giza, Mansoura and Sohag.

The most serious event of the year internally occurred on the morning of June 24, when Walther Rathenau was shot dead by assassins in front of his house. Walther Rathenau was the minister for foreign affairs. This event spurred another economic downturn for the Weimar Republic. Four days before the assassination, the Mark was still at one sixty-seventh of its par value. On June 27, just one week later, it had sunk to one-eightieth of par, on July 3 to one hundred-and-fourteenth, and on August 1 to one hundred-and- fiftieth.

In 1890 Moses and Ceasar were contemplating even grander ventures and formed the Cone Export & Commission Company in New York City along with Anderson Price and Jay C. Guggenheimer as the other major stockholders. They developed what was called the "Plaid Trust" which was a commission clearing house to stabilize the production market on checks and plaids. They were a marketer of Southern cloth mill-goods to South America in competition with Great Britain. Initially the par value of the capital stock of their new company was fifty dollars per share.

It is a structured note issued by a special purpose company or trust, designed to offer investors par value at maturity unless the referenced entity defaults. In the case of default, the investors receive a recovery rate. The trust will also have entered into a default swap with a dealer. In case of default, the trust will pay the dealer par minus the recovery rate, in exchange for an annual fee which is passed on to the investors in the form of a higher yield on their note.

As time passed, the population of Boston increased, as did the amount of business the city was doing with the rest of the world. With these increases, the Charles River Bridge collected more and more profits, and the value of the company's stock started to rise. Shares that had a par value of $333.33 sold for $1,650 in 1805, and by 1814, their price had risen to $2,080. By 1823, the value of the company was estimated to be $280,000, a substantial increase from its original value of $50,000.

Following the 1915 fire, Landsbanki was provisionally housed across the street in the main post office and the Reykjavík Apothecary. Despite the cramped and less than suitable quarters the bank continued to grow, opening branches in Eskifjörður in the East Fjords and Selfoss in South Iceland in 1918. During the economic upheaval caused by World War I countries abandoned the gold standard. The currency issuer in Iceland, Íslandsbanki, was authorised to issue Icelandic krónur notes not backed by gold, but which it was to keep at par value with Danish kroner.

Because a bond is always anchored by its final maturity, the price at some point must change direction and fall to par value at redemption. A bond's market value at different times in its life can be calculated. When the yield curve is steep, the bond is predicted to have a large capital gain in the first years before falling in price later. When the yield curve is flat, the capital gain is predicted to be much less, and there is little variability in the bond's total returns over time.

Unlike a company limited by guarantee, an IPS generally has a share capital. However, in a not-for-profit IPS the share capital may be limited to a nominal amount. Both types of IPS have a share capital, but it is usually not made up of equity shares like those in a company limited by shares, which appreciate or fall in value with the success of the enterprise that issues them. Rather they are par-value shares, which can only be redeemed (if at all) at face value.

In 2015 Dexia announced that it would suffered from the possible default of Heta Asset Resolution, a bad bank from the residual of Hypo Alpe-Adria-Bank International. Via the subsidiary Dexia Kommunalbank Deutschland A.G. (DKD), Dexia had a loan of €417 million to former Hypo Bank. Carinthia state government offered to buy back the senior bonds for 75% par value and 30% for subordinated bonds of Heta. Previously Carinthia had guaranteed the subordinated bond but later Austrian central government, as instructed by European Union, could not provide any more state aid.

In finance, the term accretion refers to a positive change in value following a transaction; it is applied in several contexts. When trading in bonds, accretion is the capital gain expected when a bond is bought at a discount to its par value,Accretion definition on the financial dictionary given that it is expected to mature at par. Accretion can be thought of as the antonym of amortization: see here also, Accreting swap vs Amortising swap. In a corporate finance context, accretion is essentially the actual value created after a particular transaction.

Oakes AmesIn 1867, Crédit Mobilier replaced Thomas Durant with Congressman Oakes Ames. Ames, still a member of Congress, distributed cash bribes and discounted shares of Crédit Mobilier stock to fellow congressmen and other politicians in exchange for votes and actions favorable to the Union Pacific. Ames offered to members of Congress shares in Crédit Mobilier at its discounted par value rather than the market value, which was much higher due to its superb (but fraudulent) profits and exclusive contract with the Union Pacific Railroad. It also declared substantial quarterly dividends on its stock.

It is also used in legal standards such as the par value of stock and capitalization of companies, and fines. It has become the preferred and predominant measure to determine the cost of real estate, values of housing and any secured loan, either private or of the Chilean government. Individual payments are made in Chilean pesos (the country's legal tender), according to the daily value of the UF. A similar currency unit for use generally in payment of taxes, fines, or customs duty is the Unidad Tributaria Mensual (UTM) (literally: monthly tax unit).

It also owned 15.582 miles of yard and side tracks. The new, combined operations of the BC&A; in railroad and waterlines had been profitable with $0.5 million in profit on a total investment of $4.325 million with a total revenue of $17.8 million for the period of 1894 – 1915 and controlled by the Pennsylvania railroad as majority stockholder. Dividends were paid on $1.5 million par value of 5 per cent cumulative preferred stock but none were paid on the common stock of $1.0 million and none paid on the preferred stock after 1912.

The high expenses meant Congress was called upon to appropriate more funds. One of the railroad officials who controlled Crédit Mobilier was also a congressman, Oakes Ames of Massachusetts. He offered some of his colleagues the opportunity to buy Crédit Mobilier stock at par value, well below what it sold for on the market, and the railroad got its additional appropriations. Editorial cartoon: Uncle Sam directs U.S. Senators and Representatives implicated in the Crédit Mobilier scheme to commit Hara- Kiri. The story broke in July 1872, in the middle of the presidential campaign.

In the Live-enabled version of Tinker, it was not previously possible to earn an achievement star on Set 07 Level 19 due to the energy par value being -1. Because of this, the player could not unlock the "Perfection Achieved" achievement, thus only being able to obtain 175 achievement points out of 200. Fuel Industries game developer Nick Iannitti mentioned in Tinker blog that a fix had been sent to GFWL on March 7, 2010. The fix was up for a few hours but was removed due to a bug in auto-update code that required an unnecessary reboot.

This charge was a result of an estimate of the current fair value of the securities to be repurchased by the company being less than their par value. It is expected that the ultimate realized loss will be substantially less as issuers refinance or redeem these securities, interest rates rise and/or collateral values improve. Raymond James sold $2.3 billion worth of ARS, underwrote $1.2 billion, and was the auction dealer for over $725 million. Since the $330 billion market for ARS crashed in 2008, at least 19 underwriters and broker-dealers were sued in class action suits.

In April 2019, after no progress had been made by Matomy towards a bond renegotiation and rights issue, the minority shareholders of Team Internet exercised their option to buy back all their shares from Matomy at a 40% discount to the price paid. This totalled $36 million, which would first be used to repay the bondholders. Bondholders approved the offer and also approved bond repayment at par value, totalling NIS 101 million ($28 million), leaving a surplus of $10 million for Matomy. Matomy also confirmed that a German tax refund of approximately $4 million would remain payable to Matomy rather than Team Internet.

The European monetary system of the exchange-rate regime constituted a kind of Bretton Woods par value system on a European scale. Although no currency was designated as an anchor, the Deutsche Mark and German Bundesbank emerged as center of the EMS. Germany emerged as the dominant player within the EMS, set its monetary policy largely autonomously while other ERM members had attempted to converge on the German standard of Deutsche Mark which makes EMS highly asymmetrical. The German money supply played a role because of the lagged value of French money supply which were jointly insignificant.

After a fire, the company relocated to Allentown, Pennsylvania as the Allentown Non-Freezing Powder Company. The company was incorporated in New Jersey on 13 September 1905 with 1,000 shares at a par value of $100 each. It built a commercial nitrostarch explosives manufacturing plant in Seiple, Pennsylvania, near Allentown The parent Trojan Safety Powder Company was incorporated in the State of New York in 1906, and became the Trojan Powder Company in 1907. The Pacific High Explosives Company was incorporated in California on 25 April 1906, and built a plant at Roberts Landing in San Leandro, California to manufacture Trojan powder.

She was completed and delivered to the USSB on January 2, 1918 and immediately sold back to Standard Oil at par value, and chartered by the U.S. government for the duration of the war. As built, the ship was long (between perpendiculars) and abeam, and had a depth of . Sylvan Arrow was assessed at and and had deadweight of approximately 12,582. The vessel had a steel hull, and a single 568 Nhp surface-condensing quadruple expansion steam engine, with cylinders of , , and diameter with a stroke, that drove a single screw propeller and moved the ship at up to .

The brand Leica, better known for its cameras, was formed on 2 April 1990 after the merger of several companies. In 2005, the company was acquired by Hexagon AB. Leica was listed on the Swiss stock exchange until the 7 August 2006 which saw the cancellation of all publicly held registered shares in Leica Geosystems Holdings Ltd and delisting of all listed registered shares of a par value of CHF 50. Leica Geosystems Geospatial Imaging is a Strategic Member in the Open Geospatial Consortium since 2008. Strategic Membership is the highest level of membership in the OGC.

To do so requires significant levels of resources and expertise to analyze each instrument and assess its position in an issuer's capital structure along with the likelihood of ultimate recovery.Lemke, Lins, Hoenig & Rube, Hedge Funds and Other Private Funds: Regulation and Compliance, §1:2 (Thomson West, 2014 ed.). Distressed securities tend to trade at substantial discounts to their intrinsic or par value and are therefore considered to be below investment grade. This usually limits the number of potential investors to large institutional investors—such as hedge funds, private equity firms and investment banks or specialist firms.

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank." The initial authorized capital of the bank is $100 billion divided into 1 million shares having a par value of $100,000 each.

Most of these swaps were settled on October 6, 2008. Paradoxically (in relation to typical experiences when a company issuing bonds has a "credit event"), the value of the two GSEs bonds rose to the vicinity of par value after the conservatorship. This means, that some owners of swaps that were hedging against the risk of a bond default, may be worse off, since the value of the bonds may be higher than when they purchased the swap. Cash auctions are reported to be scheduled for October 2008 to settle CDS contracts in relation to the GSEs.

Oakes Ames, Brady-Handy portrait Ames' father and uncle (also named Oliver) were leading figures in the Union Pacific, as well as principals in Crédit Mobilier of America, a corporation established by Union Pacific insiders to siphon profits from the railroad construction.Klein (1997), pp. 138–139 Oakes Ames, while a member of Congress in the 1860s, sold shares of Crédit Mobiler to other Congressmen, priced at par value, which was well below their estimated market value. When this was exposed in 1872, it was determined by a Congressional investigating committee to be for the purpose of influencing railroad-related legislation.

This step was not taken because the trustees believed many bondholders relied on interest for income. The cemetery began quietly borrowing money from the Citizens Savings and Loan Association, a local bank, in order to pay interest on its bonds. The association paid out only 4 percent of the 7 percent annual interest due on its bonds at the end of 1888, creating a severe financial hardship for bondholders who relied on the interest for their living expenses. Bonds which formerly sold for $108 to $110 (the par value was $100) now began selling at $50 to $75.

The surveyed route was conceded by railroad and transportation experts, including the military engineers for the United States government, to be the shortest and most feasible route to the interior of Alaska and the Yukon River, and President Theodore Roosevelt, in his message to the U.S. Congress in December, 1904 recommended government aid for a railroad over this route. The total length of the road was projected to be . In October 1905, the authorized capital stock of the Valdez-Yukon Railroad Company was $10,000,000; par value of the shares $100 each. Ten miles of roadbed was graded by this time.

If the confidence interval for evaluating the PaR is 95%, there is a 5% probability that due to changing commodity volumes and prices, the profit outcome for a specific period (e.g. December next year) will fall short of the expected profit result by more than the PaR value. Note that the concept of a set 'holding period' does not apply since the period is always up until the realisation of the profit outcome through the delivery of energy. That is the holding period is different for each of the specific delivery time periods being analysed e.g.

The Act served as a signal to businesses of an approaching exchange rate between gold and currency. Preparations among businesses for this exchange rate actually encourage parity between gold and currency. The Act did not directly address the price level although successful resumption at par value required that the premium on gold to fall to zero, which in turn required a fall in the price level as the world price of gold was exogenous. In fact, the final date for Resumption was decided only after the premium on gold had fallen to a tenth of its peak level.

Under this Act the Treasury issued £ (equivalent to £ in 2013) of paper banknotes, without the backing of gold, with which the banks could repay their obligations. Leading banker Walter Leaf described these Treasury notes as "essentially a War Loan free of interest, for an unlimited period, and as such was a highly profitable expedient from the point of view of the Government". The first interest-bearing War Loan was issued in November 1914 at an interest rate of 3.5%, to be redeemed at par value in 1925–28. It raised £; £ at face value as it was issued at a 5% discount.

These systems do not particularly reduce time inconsistency problems nor do they offer specific techniques for maintaining low exchange rate volatility. A crawling peg attempts to combine flexibility and stability using a rule-based system for gradually altering the currency's par value, typically at a predetermined rate or as a function of inflation differentials. A crawling peg is similar to a fixed peg; however, it can be adjusted based on clearly defined rules. A crawling peg is often used by (initially) high-inflation countries or developing nations who peg to low inflation countries in attempt to avoid currency appreciation.

KAMCO Investment Company KSC (KAMCO) was established in 1998 as a subsidiary of United Gulf Bank (UGB) – the investment banking subsidiary of Kuwait Projects (Holding) Company, i.e., KIPCO and specialises in asset management and financial services in Kuwait and the Middle East and North Africa (MENA). Having increased its share capital from KD 15 million to KD 20 million in June 2003, KAMCO was listed on the Kuwait Stock Exchange (KSE) in October of the same year. KAMCO's current capital stands at KD 26.33 million distributed among 263.3 million shares with a par value of 100 fils each.

The Crédit Mobilier of America scandal involved corruption in the financing of the Union Pacific Railroad, part of the transcontinental railroad which was completed in 1869. Union Pacific officers and directors secretly purchased control of the Crédit Mobilier of America company, then contracted with it to undertake construction of the railroad. The railroad paid the company's grossly inflated invoices with federal funds appropriated to subsidize the project, and the company was allowed to purchase Union Pacific securities at par value, well below the market rate. Crédit Mobilier showed large profits and stock gains, and distributed substantial dividends.

On May 31, 2007, trading of Banco de Oro and Equitable PCI Bank shares were suspended,Banco de Oro, EPCIB to be suspended from trading Thursday , Philippine Daily Inquirer, May 30, 2007 with Equitable PCI Bank shares being delisted from the PSE on June 4, 2007.Equitable PCI Bank to be delisted Monday , Philippine Daily Inquirer, May 31, 2007 All 727 million shares of Equitable PCI Bank were delisted in the process, with 1.3 billion Banco de Oro shares, each having a par value of ten pesos, being listed to cover the merger. Equitable PCI Bank branches are in the process of becoming Banco de Oro branches.

Mulock and most other members of the group wanted the paper to be the voice of the Liberal Party, but Atkinson refused to take the job on those terms and insisted that he be given full control over newspaper policy and that the Star be run in the best interests of the paper, not the Liberal Party. Atkinson travelled to Ottawa and successfully appealed to Laurier for support. Atkinson also insisted that 40 percent of his salary be paid in stock at par value and that he be given the opportunity to become majority owner. After some initial opposition, the ownership group accepted those terms.

The old Co-operative building behind the Gateshead Millennium Bridge in Newcastle upon Tyne When the current cooperative movement resurfaced in the 1960s, it developed mostly on a new system of "collective ownership" where par value shares were issued as symbols of egalitarian voting rights. Typically, a member may only own one share to maintain the egalitarian ethos. Once brought in as a member and after a period of time on probation usually so the new candidate can be evaluated, they would be given the power to manage the coop without "ownership" in the traditional sense. In the UK, this system is known as common ownership.

A comprehensive restructuring of the group's finances was also necessary. Following lengthy negotiations, an agreement was reached with Oerlikon's main shareholder, Renova, and the lending banks, which was approved by the company's shareholders at the annual general meeting on May 18, 2010. The key points of the recapitalization were a reduction in equity capital through a par value reduction from CHF 20 to CHF 1, followed by a capital increase with a subscription right offer and the issue of options for shareholders. CHF 125 million of the company's debts were erased and an old credit facility was replaced with a new contract for three tranches totaling CHF 1.48 billion.

The New Time (formerly New Occasions) was published by Charles H. Kerr & Co. between 1893 and 1898 and included both social fiction and articles on populist political and economic themes. Charles H. Kerr & Co. was first incorporated in 1893, with 1,000 shares of stock authorized with a par value of $10 per share, representing a total market capitalization of $10,000. That same year marked a change in the firm's direction away from religious themes and towards hard politics. The company began the publication of a new monthly magazine, initially titled New Occasions before a name change was made in July 1897 to The New Time.

By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability). If shares are issued "part-paid", then the shareholders are liable, when a claim is made against the capital of the company, to pay to the company the balance of the face or par value of the shares. Although a shareholder's liability for the company's actions is limited, the shareholders may still be liable for their own acts. For example, the directors of small companies (who are frequently also shareholders) are often required to give personal guarantees of the company's debts to those lending to the company.

Klöckner & Co completed the takeover of Bläsi AG in January 2010, ending the temporary suspension of its acquisition strategy triggered by the global economic crisis; on March 1, 2010, the Klöckner & Co Management Board announced that the BSS acquisition had been brought to a successful conclusion. Klöckner acquired Macsteel Service Centers USA in April 2011. In May 2011, the company took over Frefer, Brazil's third largest independent steel and metal distributor. The following month, Klöckner effected a rights issue. The issue of 33,250,000 new no-par- value shares generated net issue proceeds of some €516 million, earmarked chiefly for the continued pursuit of the “Klöckner & Co 2020” growth strategy.

The merger became effective on March 27, 1920. Merchants' president, Raymond E. Jones, became vice president and second in command of the combined institutions. The capital stock of the Merchants Bank at the time of its merger into The Manhattan Company was $3,000,000 consisting of 30,000 shares of the par value of $100 each all of which were listed upon the New York Stock Exchange. On March 1, 1920, the Bank then known as The Merchants' National Bank of the City of New York, was converted from a national bank into a state bank under the name of The Merchants' Bank of the City of New York.

The Singapore Free Press and Mercantile Advertiser (1884-1942), 22 March 1911, Page 6 -- EASTERN SMELTING CO. Sold to London. Penang, 21 Mar 10am. The meeting of the shareholders of the Eastern Smelting Company today resolved by 29 votes to one to authorise the sale of the concern to a London Company. The Hon A. E. Adams, who presided stated that the present shareholders would get par value of their shares in sterling in the London Company, and it was proposed to sell the business of the whole Company including the assets but excluding the profits for 1910 and for the present year to date of sale.

DB Cargo AG has a share capital of 256,007,000,000 euros, which is divided into 51,201,400 no-par value bearer shares. When it transferred the assets and liabilities of its former freight transport division as part of the spin-off for the establishment of a new company, Deutsche Bahn AG acquired all of the company's shares and is therefore the sole shareholder of DB Cargo AG. A control and profit-and-loss-transfer agreement is in place between the parent company and subsidiary. DB Cargo AG is included in the consolidated financial statement of Deutsche Bahn. The company Deutsche Bahn AG is in turn wholly owned by the Federal Republic of Germany.

Exchange-traded contracts are standardized by the exchanges where they trade. The contract details what asset is to be bought or sold, and how, when, where and in what quantity it is to be delivered. The terms also specify the currency in which the contract will trade, minimum tick value, and the last trading day and expiry or delivery month. Standardized commodity futures contracts may also contain provisions for adjusting the contracted price based on deviations from the "standard" commodity, for example, a contract might specify delivery of heavier USDA Number 1 oats at par value but permit delivery of Number 2 oats for a certain seller's penalty per bushel.

In certain cases, mainly in the high-yield debt market, there can be a substantial call premium. Thus, the issuer has an option which it pays for by offering a higher coupon rate. If interest rates in the market have gone down by the time of the call date, the issuer will be able to refinance its debt at a cheaper level and so will be incentivized to call the bonds it originally issued.Advanced Fixed Income: Callable Bonds Another way to look at this interplay is that, as interest rates go down, the present values of the bonds go up; therefore, it is advantageous to buy the bonds back at par value.

Later in 1789, the value of the Massachusetts scrip had risen to par value and substantially inflated the cost to purchase the remaining which they had not yet obtained title to from the Indians. They gave up their contract for the land instead. Despite his remaining, vast land holdings, changing money values affected the mortgages held on the tracts of land and a depressed land market caused Phelps to get into financial difficulty. In August 1790, the reverses forced him to sell his Suffield home and his interest in the Hartford National Bank and Trust Co. He continued to invest in land and by 1796 had purchased roughly a million acres of land along the Mississippi River.

Post Bank (Russia) announces that the president and chairman of the board of VTB Bank, Andrey Kostin, as well as senior vice-presidents of VTB Bank, Dmitry Pianov and Vladimir Levykin, will be placed on Post Bank (Russia) supervisory board. December 27, 2017: VTB's Supervisory Board sells to Post Bank (Russia) a 74.7% stake in the limited liabiliaty company Multicard, MultiCard, or MultiKarta (Russian: МультиКарта) "with a par value of 112,420,993 rubles at a price not lower than the market price." December 28, 2017: VTB24 sells two shares to Dmitry Rudenko, the Chairman of the Board of Post Bank (Russia). VTB 24 and Russia Post have equal shares in Post Bank (Russia): each have 50% minus one share.

In March 1998 Pistoia–Pescia and San Miniato were demerged from Casse Toscane as Finanziaria CRPT and Finanziaria CRSM respectively. In November Finanziaria CRPT, which hold 11,357,012 ordinary shares (about 50.39% share capitals or 61.26% ordinary shares; 10,000 lire each) of the bank, was merged back to CR Pistoia–Pescia. In December 1999 Florence Saving Bank purchased 51% of the ordinary shares, with the foundation retained a minority interests only (9,083,498 of 10,000 lire par value; 49% of the ordinary shares equivalent to 40.3% share capitals as at 31 December 2001. plus preferred shares). The foundation also owned 3.95% shares of Banca CR Firenze (as of 31 December 2000), due to the acquisition.

In an unrelated transaction, the two families had earlier not paid taxes when Thaksin transferred shares to his sister Yingluck Shinawatra and his wife, Potjaman Shinawatra, transferred shares to her brother Bannapoj Damapong. The tax exemption was granted on grounds that the transfer, at a par value of 10 baht, took place through the stock market. Although the tax exemption was legal, the sale drew heavy criticism over Thaksin's ethics on the grounds that Shin Corp, a dominant player in Thailand's information technology sector, would be sold to an investment arm of the Government of Singapore. The transaction was conducted via several holding companies, including Cypress Holdings, Kularb Kaew, and Cedar Holdings.

This is increasingly the case as new courses are more likely to be sited on less optimal land. Bunkers and sand traps are always built in by architects unless the formation of such items are already in the course's natural terrain. The layout of a course follows certain traditional principles, such as the number of holes (nine and 18 being most common), their par values, and the number of holes of each par value per course. It is also preferable to arrange greens to be close to the tee box of the next playable hole, to minimize travel distance while playing a round, and to vary the mix of shorter and longer holes.

The United States Television Manufacturing Corporation was founded in 1945 in Manhattan, New York City, to produce large-screen television sets and, later, conventional models. In April the following year, it announced an initial public offering of 99,000 shares of 50-cent par value common stock at US$3 each. The Guaranty Trust Company of New York was appointed registrar. Headed by president Hamilton Hoge, with his brother John Otis Hoge as vice president, U.S. Television Manufacturing aimed its initial product at taverns, clubs, fraternal organizations and similar business consumers, reasoning that with parts and materials remaining in short supply following World War II, the company needed to sell fewer but higher-priced units.

The other half went into the company's capital fund. The stock's par value of $5.00 was clearly printed on each of the stock certificates.Sam Pandolfo: Minneosta's Almost Auto Magnate, by John J Dominik, Minnesota History Magazine Pandolfo selected St. Cloud, Minnesota, as the site for his plant because of its proximity to iron-ore mines, access to two major transcontinental railroads, access to a deep-water port in Duluth, a well-trained work force that was free of labor union issues, and a ready supply of electrical power. Site of the former Pan Motor Company Office and Sheet Metal Works The Pan Motor Company's infusion of capital and industry was well-remembered by residents of the time.

For two bonds with the same par value, coupon, and maturity, convexity may differ depending on what point on the price yield curve they are located. Suppose both of them have at present the same price yield (p-y) combination; also you have to take into consideration the profile, rating, etc. of the issuers: let us suppose they are issued by different entities. Though both bonds have the same p-y combination, bond A may be located on a more elastic segment of the p-y curve compared to bond B. This means if yield increases further, the price of bond A may fall drastically while the price of bond B won’t change; i.e.

Corporate stock was a new phenomenon, not well understood, except for the strong gossip among financiers that fortunes could be made overnight. The South Sea Company, although originally set up to trade with the Spanish Empire, quickly turned most of its attention to very high risk financing, involving £30 million, some 60 per cent of the entire British national debt. It set up a scheme that invited stock owners to turn in their certificates for stock in the Company at a par value of £100—the idea was that they would profit by the rising price of their stock. Everyone with connections wanted in on the bonanza, and many other outlandish schemes found gullible takers.

The Bloomberg Barclays US Aggregate Bond Index, or the Agg, is a broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States. Investors frequently use the index as a stand-in for measuring the performance of the US bond market. In addition to investment grade corporate debt, the index tracks government debt, mortgage-backed securities (MBS) and asset-backed securities (ABS) to simulate the universe of investable bonds that meet certain criteria. In order to be included in the Agg, bonds must be of investment grade or higher, have an outstanding par value of at least $100 million and have at least one year until maturity.

The U.S. dollar was the currency with the most purchasing power and it was the only currency that was backed by gold. Additionally, all European nations that had been involved in World War II were highly in debt and transferred large amounts of gold into the United States, a fact that contributed to the supremacy of the United States. Thus, the U.S. dollar was strongly appreciated in the rest of the world and therefore became the key currency of the Bretton Woods system. Member countries could only change their par value by more than 10% with IMF approval, which was contingent on IMF determination that its balance of payments was in a "fundamental disequilibrium".

The parity grid was derived from parities each participating country established for its currency with all other currencies in the system, denominated in terms of ECUs. The weights within the ECU changed in response to variances in the values of each currency in its basket. Under the ERM, if an exchange rate reached its upper or lower limit (within a 2.25% band), both nations in that currency pair were obligated to intervene collectively in the foreign exchange market and buy or sell the under- or overvalued currency as necessary to return the exchange rate to its par value according to the parity matrix. The requirement of cooperative market intervention marked a key difference from the Bretton Woods system.

In early 1841, the State Auditor warned the commissioners that $400,000 ($ in dollars) would be needed pay the January 1842 interest payment. Instead of taking action to put the Canal Fund on a sound financial footing, the General Assembly asked the Canal Commission to expand construction and seek temporary loans to pay contractors and interest. Kelley and the other Canal Fund commissioners declined to borrow the money. Kelley discovered that New York City banks were unwilling to loan the Canal Fund Commission any money except on a short-term basis, and bonds could be sold only at a steep 25 percent discount of the par value and at high guaranteed interest rate (6 percent).

These factors are likely to change over time, so the market price of a bond will vary after it is issued. The interest payment ("coupon payment") divided by the current price of the bond is called the current yield (this is the nominal yield multiplied by the par value and divided by the price). There are other yield measures that exist such as the yield to first call, yield to worst, yield to first par call, yield to put, cash flow yield and yield to maturity. The relationship between yield and term to maturity (or alternatively between yield and the weighted mean term allowing for both interest and capital repayment) for otherwise identical bonds derives the yield curve, a graph plotting this relationship.

Especially important in the haze of present-day attempts to establish a sound basis for public regulation of corporate income is Lough's insistence that earning power, not original investment, is the most rational basis of capitalization. In accordance with this theory one would wish that he had devoted more than a paragraph to the important recent changes in New York and other state laws permitting the issue of stock without par value. The fourth section entitled Internal Financial Management is the most illuminating in the book. While by no means all accountants would agree with those paragraphs expounding one or another of the various moot problems, still the discussions are all thoroughly sound, albeit savoring more of business expediency than the strict logic of accountancy.

In October 1998, the Company issued $200 million of senior secured credit facilities to repay its then existing senior credit facility as well as the AGI Subordinated Notes, and in December 2001 the Company completed a $52.3 million property sale / leaseback transaction, the proceeds of which were used to repay senior indebtedness. On August 15, 2009, AGI failed to make a $6.2 million interest payment to bondholders, and Standard & Poors subsequently lowered AGI's credit rating to D. Standard & Poor reported that they had taken this view because bondholders will be receiving less than par value for the notes and because of the company's highly leveraged financial profile, weak operating outlook, and limited liquidity given the near-term maturity of its senior credit facility.

Before the Civil War, Virginia had taken on debt to help finance many internal public improvements (canals, turnpikes, and railroads) through the Virginia Board of Public Works. Most had been destroyed during the War, although the debt remained and the infrastructure needed to be rebuilt to get crops and goods to market. Virginia's first postwar legislature had affirmed those debts at original terms (highly favorable to bondholders, which by then were mostly out-of-state purchasers at rates a small fraction of par value). Some related to improvements in the area that separated during the war to form the new State of West Virginia; those were litigated for decades until the United States Supreme Court ruled in 1915 that West Virginia owed Virginia $12,393,929.50.

Although the country was in the throes of the Great Depression, Strub's management and creativity brought success to his investors. He attracted Seabiscuit to the track, which helped to establish Santa Anita as a premier stop on the racing circuit. The first year dividend returned to investors 100% of their initial investment. By 1960, the aggregate par value of the stock ($7,500,000) had multiplied over a dozen time and grown so large that it split 375 to one.The New York Times, Proxy Race Set For Santa Anita, 4-28-1960 After its opening, Santa Anita made Dr. Strub one of the highest paid executives in the country, landing on the Treasury Department list of highest executives from 1936 through 1941.

On August 6, 1973, the National Electrification Administration through Presidential Decree No. 269 was converted into a corporation, wholly owned and controlled by the Philippine government under the supervision of the Office of the President. Possessed with borrowing authority and corporate powers, the authorized capital stock of NEA was pegged at ₱1 billion divided into ten (10) million shares having a par value of one hundred (₱100) pesos each. Six (6) years later, Presidential Decree No. 1645 increased the authorized capital stock by ₱4 billion with an additional forty (40) million shares. Sections 42 and 43, Chapter IV of the NEA decree effectively repealed the power to grant "electric system" franchises from the Municipal, City and Provincial Governments in favor of the NEA.

It was stated by vice- president Alex G. Gilman that the various divisions were in splendid physical condition. Improvements in 1924 included a new boiler house at the Bardeen Mill and rebuilding of paper machines in both the Bardeen and King Mills. The no-par stock was changed to a par value of $10 and 400,000 shares were issued in 1924.Kalamazoo Gazette, 18 October 1925 In January 1931, Alex G. Gilman, now president, reported at the annual stockholders meeting that Allied Paper Mills had been profitable in 1930 and noted that the outlook in 1931 was more favorable.Kalamazoo Gazette, 29 January 1934 Alas, 1931 and 1932 turned out to be difficult years and the company did not make any profits.

Harry Garfield, who helped Lake View Cemetery through its financial crisis of the 1890s With revenues extraordinarily low and the association not having paid any interest in cash since 1889, cemetery trustees formed a committee consisting of Daniel P. Eels, Henry R. Hatch, and Edwin R. Perkins to see what level of cash interest could be sustained. The committee proposed a new plan in February 1892: All 1871 and 1878 bondholders could turn in their bonds and receive a new "refunding bond" paying lower annual interest. To cover all outstanding debt, about $400,000 ($ in dollars) in "refunding bonds", back-dated to December 1, 1891, would be issued. They would have a $1,000 par value, and be payable in 50 years.

In the course of 2003, the city of Almaty issued a series of 15 promissory notes with a par value of a million US dollars each. Their collateral consisted of stock in a skeleton enterprise, apparently without any benchmark share price but at the same time the nominal holder of the construction contract for the new terminal of the Almaty international airport. The enterprise's name was Delamore Trade and Investment, a subsidiary of Delamore Group, which in turn controlled Imstalkom—the main contractor for the terminal. After the terminal was opened by the end of 2004 after two years of delays, its construction bill turned out to amount of the equivalent of 52 million US dollars rather than the $21 million in the budget.

Since February 2009 Eurex, the international derivatives exchange, has listed Property Index Futures. The Future Contract is based upon the IPD UK Annual All Property Index Total Returns - the exchange lists five consecutive annual contracts with pricing based upon a par value of 100 + Expected percentage Total Annual Return in the related calendar year. The contract for the calendar year 2009, which expired in March 2010 (expiry is the last working day in the following March to ensure this is after publication of the IPD data) settled at 103.50, representing a +3.5% annual total return (as published by IPD). Though a nascent market, in 2010 a total of 3,304 contracts traded according to the Eurex website - representing £165m in notional property value.

New World Development started its expansion in the 1970s by the acquisition of properties and companies. The flagship property, New World Centre was built on the former site of Holt's Wharf, a former godown terminal that was owned by British companies Swire Group and Blue Funnel Line. In the first financial year after the initial public offering in November 1972, NWD had acquired 23 sites by paying HK$110 million cash and about 101 million number of new shares with a par value of HK$1 each. Despite the issue of new shares and the acquisitions of the holding companies of the properties such as Kowloon Town Development Company Limited (not to be confused with Kowloon Development Company), were completed in 1973–74 financial year.

It also owned 15.582 miles of yard and side tracks. The new, combined operations of the BC&A; in railroad and waterlines had been profitable with $0.5 million in profit on a total investment of $4.325 million with a total revenue of $17.8 million for the period of 1894 – 1915 and controlled by the Pennsylvania railroad as majority stockholder. Dividends were paid on $1.5 million par value of 5 per cent cumulative preferred stock but none were paid on the common stock of $1.0 million and none paid on the preferred stock after 1912. By 1921, the railroad had turned unprofitable due in part to private autos and trucks to the point where in March, 1922, it stopped making payments on its first mortgage.

On 21 June 1963 Schweitzer was appointed managing director and chairman of the executive board of the IMF, and he assumed his duties on 1 September 1963. Schweitzer was appointed to a second five-year term as managing director and chairman of the board of the IMF on 15 May 1968. Schweitzer's term as the IMF's managing director was a critical period, not only due to the collapse of the Par Value System, but also for the creation of the special drawing rights (SDR), as an international reserve asset (1968); the establishment of the two-tier gold market, and the work of the Committee of Twenty of the International Monetary System on reforming the international financial system. Also, during his tenure as managing director of the IMF, its membership grew from 91 to 125 countries.

Then banknotes of the 1921 series in nominal value 5000 and 10000 rubles came in. At some point later, banknotes of the 1922 series in nominal value 25000, 100000, 1 million and 5 million rubles as well as bills at par value of 5 million rubles were issued. In 1922 the three republics – Armenia, Georgia and Azerbaijan – united to constitute the Federative Union of Transcaucasian Soviet Socialist Republics. In 1923, the FUTSSR issued in banknotes in nominal value 1000, 5000, 10000, 25000, 50000, 100000, 250000, 500000, 1 million, 5 million and 10 million rubles. On December 13, 1922, the FUTSSR was re-organized into the Transcaucasian Soviet Socialist Federative Republic and began issuing banknotes in nominal value 25, 50, 75, 100, 250 million and 1 and 10 billion rubles.

Lev H. Prichard, Sr., previously had organized the Caddo Petroleum Company in 1918 along with his partners, A.P. Crockett, J.B. Allen, and Walter "W.R." Ramsey. By August 1920, J. Steve Anderson joined the company as Vice President, and Lev Prichard was promoted from Vice President to being President. Paul Anderson served as Comptroller. The Anderson and Prichard families owned 63% of the Caddo stock by this time. Due to various setbacks, the Caddo company was eventually shut down and liquidated shortly after June 21, 1921. However, separately from the Caddo company, on October 6, 1920, Anderson-Prichard & Co. ("AP&C;") had been incorporated in Delaware, with an authorized capital of 100,000 shares of no par value stock. Although incorporated in Delaware, AP&C; maintained its principal offices at the Colcord Building in Oklahoma City.

The Agricultural Adjustment Act of 1933 was modified on May 9, 1934 with the Jones-Costigan Amendment, also known as the Sugar Act of 1933. This set quotas for sugar production, set "processing tax" on sugar, and allotted manufacturing outputs. U-I was allotted 143,900 tons in 1934, well below the 170,000 tons produced in 1933. While volumes were down, due to a large glut of sugar, the "average income in the beet industry from 1934 to 1936 was 20 percent higher than the average income during the period 1925 to 1934." While the company was in better shape by 1935 than they had been in 20 years, interest rates were also low. The company again reduced the par value of the stock in 1935, leaving a $2.4 million credit.

AP&C; assumed control of the Cyril Refining Company of Cyril, Oklahoma, but due to poor capitalization and debt that had been taken on to obtain services and equipment, AP&C; was liquidated in January 1922. In June 1922, Anderson and Prichard formed the "APCO Refining Company" (Apco), the Cyril refinery asset. The refinery was operated in the name of the Apco Refining Company until February 26, 1923, when all of the company's stock was sold to the latest business entity of the partners, the Anderson-Prichard Oil Corporation, which had also been separately organized and incorporated in Oklahoma in June 1922, with an authorized capital of 1,000 shares of $100 par value stock. The Anderson-Prichard company used the "APCO" brand name on a very limited basis, off and on, over the years due to uncertainty regarding having clear trademark rights.

In such circumstances it was impossible to exercise proper supervision over the national finances. The budget submitted at the beginning of the year had provided for an ordinary revenue and expenditure of 103,208,000,000 Marks. With the mark at one forty-fifth of its par value, the cost of carrying out the terms of the peace treaty was now 187,531,000,000 marks. Of this sum 16,500,000,000 were provided by the ordinary budget; the other 171,000,000,000 would have had to be raised by a loan. As soon as the mark fell to a sixtieth of par the deficit became 210,000,000,000 instead of 171,000,000,000; and it swelled to fantastic dimensions with the further depreciation of the mark which followed. The floating debt had risen from 247,000,000,000 at the beginning of the year to 272,000,000,000 by March 31, then to 962,000,000,000 and to 1,494,000,000,000 by the end of the year.

Ali Arsalan Tariq states that Islamic finance—including sukuk—is based on a set of several prohibitions: # Transactions in unethical goods and services; # Earning returns from a loan contract (Riba/Interest); # Compensation-based restructuring of debts; # Excessive uncertainty in contracts (Gharar); # Gambling and chance-based games (Qimar); # Trading in debt contracts at discount, and; # Forward foreign exchange transactions. As Shari’ah considers money to be a measuring tool for value and not an asset in itself, it requires that one should not receive income from money (or anything that has the genus of money) alone, as this (simplistically, interest) is "riba", and forbidden. From a Sharia perspective, certificates of debt are not tradable except at their par value (although a different view is held by many in Malaysia). While a bond is a contractual debt obligation of the issuer to pay to bondholders, on certain specified dates, interest and principal; a Sukuk is a certificate giving Sukuk holders an undivided beneficial ownership in the underlying assets.

The jurisdiction of the Subcommittee on Domestic Monetary Policy and Technology includes— (i) financial aid to all sectors and elements within the economy; (ii) economic growth and stabilization; (iii) defense production matters as contained in the Defense Production Act of 1950, as amended; (iv) domestic monetary policy, and agencies which directly or indirectly affect domestic monetary policy, including the effect of such policy and other financial actions on interest rates, the allocation of credit, and the structure and functioning of domestic financial institutions [such as the Federal Reserve System]; (v) coins, coinage, currency, and medals, including commemorative coins and medals, proof and mint sets and other special coins, the Coinage Act of 1965, gold and silver, including the coinage thereof (but not the par value of gold), gold medals, counterfeiting, currency denominations and design, the distribution of coins, and the operations of the Bureau of the Mint and the Bureau of Engraving and Printing; and (vi) development of new or alternative forms of currency.

Woolf and McDougall proposed redrafting the agreement along the lines proposed by A&GW; President Clarke in a letter to Rutherford. This letter suggested that the A&GW; should offer to the government its construction equipment and other assets in guarantee of its construction pledges. Though John A. McDougall seconded an amendment considered friendly to the government, he would prove not to be its ally.The Woolf-McDougall amendment was considered friendly to the government, but Rutherford was not yet in the clear.Thomas 75 Independent Edward Michener attacked the government for receiving only par value for the bonds when they had been sold at ten percent above par.Thomas 76 McDougall voiced his support for Michener's argument; though McDougall had seconded Woolf's pro-government amendment, it became apparent that his reasons for doing so were less support for the government than a principled aversion to the province using its law-making power to extricate itself from inconvenient contracts.

In light of this, Forstmann expressed reluctance to reenter the bidding without significant assurances from Revlon that any resulting deal would close. The Revlon board assuaged Forstmann's concern. Less than a week following Pantry Pride's $56.25 offer, it struck a deal with Forstmann pursuant to which Forstmann would pay $57.25 per share conditioned on its receipt of a lock-up option to purchase one of Revlon's important business divisions at a discounted price should another acquirer secure 40% or more of Revlon's outstanding stock, a $25 million termination fee, a restrictive no-shop provision precluding the Revlon board from negotiating with Pantry Pride or any other rival bidder except under very narrow circumstances, removal of the Note Purchase Rights, and waiver of the restrictive covenants contained in the recently issued notes. Forstmann for its part agreed to support the par value of the Notes, still falling in value in the market, by exchanging them for new notes, presumably at the initial values of the Notes when they had been first issued.

The new debt-holders and shareholders who have decided to invest in the company to fund this new machinery will expect a return on their investment: debt-holders require interest payments and shareholders require dividends (or capital gain from selling the shares after their value increases). The idea is that some of the profit generated by this new project will be used to repay the debt and satisfy the new shareholders. Suppose that one of the sources of finance for this new project was a bond (issued at par value) of $200,000 with an interest rate of 5%. This means that the company would issue the bond to some willing investor, who would give the $200,000 to the company which it could then use, for a specified period of time (the term of the bond) to finance its project. The company would also make regular payments to the investor of 5% of the original amount they invested ($10,000), at a yearly or monthly rate depending on the specifics of the bond (these are called coupon payments). At the end of the lifetime of the bond (when the bond matures), the company would return the $200,000 they borrowed.