Bank of Jinzhou is planning to suspend dividend payments on its offshore preference shares
, an online report said citing a statement from the Financial Times.
Release date- 14082019 - AM Best has assigned a Long-Term Issue Credit Rating of 'bb+' to the USD 250 million 5.625% perpetual non-cumulative preference shares
issued by Aspen Insurance Holdings Limited (Aspen) (Bermuda).
The subscribers of the Preference Shares
under the issuance are 34 qualified investors in compliance with the requirements of the Experimental Administrative Measures on Preference Shares
, the Administrative Measures on the Suitability of Securities and Future Investors and other laws and regulations.
The last day of trading in Victoria Park's preference shares
will be 4 July 2019.
Under Fitch's rating methodology, the new non-cumulative perpetual preference shares
receive 100% equity credit in evaluating financial leverage.
Dividend on these preference shares
, which were issued on April 28 last year, is payable until March 31, and the record date for the purpose of payment of the first interim dividend to equity shareholders and dividend to preference shareholders is March 21, Vedanta said in their post-meeting announcement.
Pursuant to the approvals by the Anhui Bureau of China Banking Regulatory Commission and the China Securities Regulatory Commission in relation to the offshore preference shares
proposed to be issued by Huishang Bank Corporation Limited, the Bank has entered into the subscription agreement on 3 November 2016 with the Joint Global Coordinators and the Joint Lead Managers in relation to the issuance of the U.S.$888,000,000 5.50% Non-Cumulative Perpetual Offshore Preference Shares
(the "Offshore Preference Shares
The Vedanta board has decided to improve the offer by deciding to give four redeemable preference shares
in Vedanta Ltd with a face value of Rs 10 and coupon of 7.5% for each Cairn India share held by minority shareholders.
The company said the Series A Convertible Preference Shares
As the Bank announced earlier, the Restructuring Plan had previously been approved by the Bank's shareholders holding 99.7% of the voting common shares and preference shares
of the Bank represented at the extraordinary general meeting held on 10 November 2014 and by its creditors holding approximately 90.5 per cent.
There are presented the characteristics of ordinary and preference shares
. There are described the types and characteristics of preference shares
such as: cumulative preference shares
, participating preference shares
, convertible preference shares
, callable preference shares
and redeemable preference shares