Subject to specified conditions, the Company may force the conversion of the debenture into Class A Shares if the volume weighted average trading price of the Class A Shares during the 20 trading days ending on the fifth trading day preceding the date on which notice of the forced conversion is given is not less than 125% of the conversion price at any time (i) after August 31, 2021
, or (ii) if the principal sum of the debenture outstanding is $4,000,000 or less.
Each Unit consisted of one (1) common share (a "Share"), and one (1) non-transferable share purchase warrant (a "Warrant") exercisable to purchase one (1) additional Share at an exercise price of $0.10 per Share until August 31, 2021
, subject to accelerated exercise provisions if the closing price of the Shares is greater than $0.30 per Share for a period of at least 10 consecutive trading days.
The Appointments Committee of the Cabinet (ACC) approved Deswal's name for the post for a period up to his superannuation on August 31, 2021
, said the statement issued by the Ministry of Personnel on Wednesday.
Kapoor, who has been managing director and CEO since the bank's inception in 2004, had sought a three-year extension till August 31, 2021
. However, the sector regulator did not agree to the request and permitted him to continue only till January 2019.
The 5.00 percent notes due September 1, 2026 have an initial fixed interest rate of 5.00 percent until August 31, 2021
, payable semi-annually in arrears.
UK's Barclays Bank Plc (LSE: BARC) (NYSE: BCS) has said that it has issued CAD6m principal amount of Extendible Step-up Deposit Notes, Series I-32 with a final maturity date of August 31, 2021
, as per an underwriting agreement dated August 26, 2011 between Barclays and Stuart Investment Management Limited.
Original Release Date: August 2019 Expiration Date: August 31, 2021
* Estimated Time to Complete Activity: 2.0 hours
May 31, 2020 and August 31, 2021
, respectively, the order issued by the Personnel Ministry said.
The bond, which will mature on August 31, 2021
, has a coupon of 3.625 percent, with spread at 80 basis points over mid-swaps.