OID bonds are to appear in IRS Publication 1212 after bond issuers -- primarily corporations -- supply IRS with information by filing Form 8281, Information Return for Publicly Offered Original Issue Discount
21) Prior to the Chateaugay decision, no court had ruled whether original issue discount
could occur for claims-valuation purposes in a debt-for-debt exchange offer in which the new debt has a face value in excess of the market value of the surrendered instrument.
Lowe's will redeem for cash all convertible notes issued in February 2001 outstanding on June 30, 2008 at a price equal to the sum of the issuance price, plus accrued original issue discount
on the redemption date ($730.
Series A and Series B Notes will be issued at par, with interest due at maturity, while Series C will not bear interest but will be issued as original issue discount
125% of the average market price of a LYON for the five trading days ended September 7, 2006, in addition to the continued accrual of the original issue discount
221-1(f) provides that the interest eligible for deduction includes the amount stated as interest on the loan, plus any interest included as original issue discount
0 million in funding through the issuance of $2,531,645 of Original Issue Discount
Secured Convertible Debentures due February 2010 in order to provide additional working capital.
As provided in the Indenture relating to the Notes, unless the Notes are earlier converted as described below, Legg Mason will redeem the Notes at a price equal to the original issue price plus accrued original issue discount
through the redemption date, or $505.
For purposes of the original issue discount
(OLD) provisions, "debt instrument" does not include any annuity contract to which Sec.
OTCBB: REDI), a leading provider of telematics-based management solutions for commercial fleets, today reported that the Company has entered into a Note and Warrant Purchase Agreement for the sale of up to $1,754,000 of series B secured convertible notes ("Series B Notes"), including original issue discount
notes ("OID Notes") in the aggregate amount of $701,600, in a private placement transaction with several institutional and accredited investors.
Upon conversion, a holder will not receive any cash payment representing accrued tax original issue discount
or accrued original issue discount
This is known as original issue discount
(OID) and is "accreted" into income on a constant yield basis by the holder--with the issuer entitled to corresponding deductions.