This was the rate that we got the bonds issued last time I wonder if it will be a similar rate?
The convertible bonds carry a coupon of 6.25% per annum payable bi-annually in arrears and convert into shares of the Company at a 27.5% premium to the volume weighted average share price on 4 October 2012, converted at the prevailing USD:GBP spot rate at the time of pricing, resulting in an initial conversion price of USD 4.39.
Why the drop in SP when it clearly says Information Purpose Only???
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. This announcement and the offer of the securities to which it relates are directed only at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 and must not be acted on or relied on by other persons in the United Kingdom.
Barzani: Kurdish independent state to come, Kurdistan is towards confederation with Iraq Tuesday, 08 April 2014 14:40 Category: POLITICS
Shafaq News / President of Kurdistan Region , Massoud Barzani announced on Tuesday, that the independent Kurdish state is to come
, pointing out that Kurdistan is moving towards a confederation with Iraq .
Barzani 's remarks came during excerpts from an interview with Sky News Arabia TV , briefed by “Shafaq News " , that will be broadcasted later”.
Relations between Kurdistan Region is witnessing highest degree of tension and differences in the last period due to the lack of agreement between Erbil and Baghdad on a number of outstanding issues repeated every year , including the problem of the Iraqi public budget , the export of oil from the region and Peshmarga and the application of Article 140 constitutional as well as political differences on how power management in Baghdad .
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