Examples of Tranche 1 Bonds in a sentence
The fair value of the 2008 Convertible Bonds was determined by reference to the quoted market prices of the ordinary shares of the Company, being HK$0.66 per share and HK$0.57 per share, at the respective issuance dates of the Tranche 1 Bonds and the Tranche 2 Bonds.
Therefore the Company will be maintaining debenture redemption reserve to the extent of 50 per cent of the Tranche 1 Bonds issued and the Bondholders may find it difficult to enforce their interests in the event of or to the extent of a default.
In the event that a Bondholder who has opted for the buyback facility upfront in the Application Form, fails to inform the Company during the Buyback Intimation Period of his or her intention not to utilise the buyback facility offered by the Company, such Tranche 1 Bonds shall be compulsorily bought back by the Company on the Buyback Date.
Wealth-tax is not levied on investment in Tranche 1 Bonds under section 2(ea) of the Wealth-tax Act, 1957.
OBJECTS OF THE ISSUE Issue Proceeds The Company has filed this Prospectus - Tranche 1 for a public issue of the Tranche 1 Bonds not exceeding the Shelf Limit for the financial year 2011-2012.
There could be a failure or delay in listing the Tranche 1 Bonds on the Stock Exchanges.
Our ability to pay interest accrued on the Tranche 1 Bonds and/or the principal amount outstanding from time to time in connection therewith would be subject to various factors inter-alia including our financial condition, profitability and the general economic conditions in India and in the global financial markets.
The Bondholders are required to hold the Tranche 1 Bonds for a minimum period of five years before they can sell the same or utilise the buy-back option offered by the Company.
The liquidity and market prices of the Tranche 1 Bonds can be expected to vary with changes in market and economic conditions, our financial condition and prospects and other factors that generally influence market price of Tranche 1 Bonds.
Additionally, after the Lock-in Period, the Company will provide for buyback of the Tranche 1 Bonds on the Buyback Date in a manner as prescribed herein below.