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The minimum sale price was set at 10 billion US dollars; however, PDVSA has been unable to find a buyer at that price. [13] [14] [15] It was confirmed in January 2015 that Citgo would not be sold, but rather bonds were sold by Citgo to give a dividend to PDVSA. [16]
Boston Citgo sign. The Boston Citgo sign is a large, double-faced sign featuring the logo of the oil company Citgo that overlooks Kenmore Square in Boston. The sign was installed in 1940 and updated with Citgo's present logo in 1965. The sign has become a landmark of Boston through its appearance in the background of Boston Red Sox games at ...
Citgo Petroleum Corp, the U.S. refining arm of Venezuela's state oil company, is accumulating hundreds of millions of dollars in cash it may not be able to pay out as dividends for at least a year ...
United States Savings Bonds are debt securities issued by the United States Department of the Treasury to help pay for the U.S. government's borrowing needs. They are considered one of the safest investments because they are backed by the full faith and credit of the United States government. [ 1 ] The savings bonds are nonmarketable treasury ...
June 4, 2024 at 8:15 PM. HOUSTON (Reuters) - Members of Venezuela's political opposition and the boards that supervise state-owned refiner Citgo Petroleum have met U.S. officials and lawmakers in ...
An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the interest rate is regularly reset through a Dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen.
v. e. A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, mergers & acquisitions, or to expand business. [1] It is a longer-term debt instrument indicating that a corporation has borrowed a certain amount of money and promises to repay it in the future under ...
In finance, the dirty price is the price of a bond including any interest that has accrued since issue of the most recent coupon payment. This is to be compared with the clean price, which is the price of a bond excluding the accrued interest. Dirty Price = Clean Price + Accrued Interest. When bond prices are quoted on a Bloomberg Terminal ...
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