Issuer Securities means any securities of the Issuer or bank debt or obligations for borrowed money of Issuer or any of its Subsidiaries or any rights , options or other securities convertible into or exercisable or exchangeable for such securities, bank debt or obligations for borrowed money , including any swaps or other derivative arrangements , in each case , whether or not any of the foregoing may be acquired or obtained immediately or only after the passage of time or upon the satisfaction of one or more conditions pursuant to any agreement , arrangement or understanding or otherwise.
Issuer Securities means i the Common Stock , ii securities convertible into or exchangeable for Common Stock, iii any other equity or equity- linked security issued by the Company and iv options , warrants or other rights to acquire Common Stock or any other equity or equity-linked security issued by the Company. Issuer Securities is defined in Paragraph 8.
Issuer Securities has the meaning given to it in Section 14 hereof. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site.
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They do not store directly information which allows us to identify you personally but are based on uniquely identifying your browser and internet device. Issuers are legally responsible for the obligations of the issue and for reporting financial conditions, material developments and any other operational activities as required by the regulations of their jurisdictions.
Issuers most frequently make available the following types of securities: common and preferred stocks , bonds, notes, debentures, bills and derivatives. Other issuers aggregate funds from a pool of investors to issue mutual fund shares or exchange traded funds ETFs. To illustrate the role of an issuer, imagine ABC Corporation sells common shares to the general public on the market to generate capital to finance its business operations.
This means ABC Corporation is an issuer and is therefore required to file with regulators, such as the Securities and Exchange Commission SEC , disclosing relevant financial information about the company.
ABC must also meet any legal obligations or regulations in the jurisdiction where it issued the security. Writers of options are occasionally referred to as issuers of options because they also sell securities on a market. A non-issuer transaction is one that is not directly or indirectly executed for the benefit of the issuer.
Non-issuer transactions refer to any disposition of a security that does not confer a benefit to the issuer company. While the entity that creates and sells a bond or another type of security is referred to as an issuer, the individual who buys the security is an investor. In some cases, the investor is also referred to as a lender. Essentially, the investor is lending the issuer funds, which are repayable when the bond matures or the stock is sold.
As a result, the issuer is also considered to be a borrower, and the investor should carefully examine the borrower's risk of default before buying the security or lending funds to the issuer. Ratings firms such as Standard and Poor's and Moody's create credit ratings for issuers of debt securities, just as credit bureaus create credit profiles and scores for individual consumers.
Rather than being expressed as a number like consumer credit scores, issuer scores are pegged to letters. For example, if an entity has a AAA rating, it has a history of repaying its debts and boasts a very low rate of default. Conversely, it an entity has a DDD rating, it is in default. Issuers with ratings of BB or below have their bonds labeled as junk, indicating that they pose a high risk of default for investors.
Countries also receive credit ratings. However, after the country implemented reforms, cut costs and recapitalized its banks, Standard and Poor's increased its rating to B-, indicating that the company's bonds are a bit safer.
Corporate Bonds. Corporate Finance.
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