I recommend buying the OSX 9.25 2015 bond for 90 cents on the dollar for a YTW of 15% in 2015‚ but I believe the correct yield is yield to next call (111%)‚ as I believe the company will call this bond in June‚ 2013 at 103. The bond is secured by a 1st lien collateral on an FPSO that is being built in Singapore (87% completed) that will be delivered on Q4 to the company. Value of the FPSO is 700MM USD as marked on OSX´s book‚ total debt is 500MM USD. Eike Batista is the main shareholder of Centennial
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When did Latin music burst back on the scene? What song brought it back to the mainstream? What effect did it have? Latin music bursted back on the scene in 1984. “Conga” by Gloria Estefan & the Miami Sound Machine brought Latin music back to the mainstream. It defined Latin pop music by mixing a Latin beat with English words. 3. How did the sounds of salsa change? Sounds of salsa changed because it was starting to be fused with pop and R&B. 4. What was the influence of CBS’ Latin division on
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elitist agenda‚ the modern use of Latin is a reflection of pride and centuries of tradition. Whether used in a court of law or for other academic or scientific purposes‚ Latin remains useful. It allows for the legal language to be richer and more flexible and continues to play many roles in the legal system. Similarly‚ in scientific fields‚ Latin provides a precise and concise way of sorting the genus and species of living organism‚ with permanence. Although Latin is considered the language of scholars
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Why I want to execute a training bond Aigbibhalu Luke Aigbokhaevbo Knowledge is an immeasurable‚ unique and rich possession which when impacted cannot be retrieved. Knowledge doesn’t decrease when it is given‚ in fact‚ knowledge is power. Knowing I can be financially independent and comfortable if I’m given the opportunity to become part of Access bank and also with the knowledge that a training bond can be regarded as the first step to helping me achieve that‚ then yes‚ that is the major reason
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Latin American Religions University of Phoenix November 12‚ 2012 What are some major attributes of Latin American Catholicism? Identify and describe at least two distinctions and include how they are distinct from Catholicism elsewhere. The Central American War had changed the priorities of the Catholic Church in Latin America. In the 1980’s‚ the clergy’s had decided to go against the Catholic Church mainly the Vatican despite the various threats‚ and began to help the poor which were struggling
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U.S. interventionism in Latin America resulted due to the economic clashes stemming from basic agricultural reforms in Cuba and Guatemala. Following WWII‚ Latin America experienced a wave of revolutions. After being subjected to the reign of tyrants for decades‚ the people of Guatemala and Cuba yearned for full rights and in pursuit of this sought to establish self-governed democracies.The pursuit of agrarian land reform was at the forefront of their concerns. The people desired to usurp the supremacy
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equality and democratic. Around colonies of Europe‚ in Latin America‚ the people was in a bad situation because the domination of the European colonial Powers. • Latin American People Win Independence Colonial society divided‚ what classes existed in Latina American society‚ in Latin America society was divided into six classes of people‚ peninsulares is the people that have born in Spain were at the top ‚ then creoles or Spaniards who born in Latin America‚ below them were mestizos were persons mixed
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The roles of women in Latin America and Western Europe from 1750-1914 were alike in the neither having many rights‚ but differed in their mindset of the matter and drive to change it. Women in Latin America during this time period were content to remain at home. They saw their duties as being a wife and a mother above all else. These women could not vote. They could not gain a position in business or politics. However‚ they did have the right to participate in political discussions. The lack of
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Theorizing Populism In recent years‚ Latin America has seen a rise of presidents with leftist ideologies labeled by many as ‘Latin America’s left turns’. However key differences in the manner these governments respond to and manage majority-minority relations and individual rights‚ as well as their economic criteria and political order has a created a division between the ‘good’ social democrats and ‘bad’ populists. Many scholars such as Francisco Panizza‚ Romina Morelli‚ and Mitchell Seligson
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Analysis of Convertible Bonds DECEMBER 14‚ 2008 in FINANCE MANAGEMENT With the repeal of the Capital Issues Control Act and the enactment of SEBI Act in 1992‚ the rules of the game applicable to convertible bonds have changed. As per SEBI guidelines issued in June 1992‚ the provisions applicable to fully convertible bonds and partially convertible binds are as follows: * The conversion premium and the conversion timing shall be predetermined and stated in the prospectus. * Any conversion partial
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