Glossary entry (derived from question below)
French term or phrase:
ORNANE
English translation:
ORNANE (bond redeemable in cash and shares)
Added to glossary by
Jana Cole
Jun 21, 2014 01:31
9 yrs ago
5 viewers *
French term
ORNANE
French to English
Bus/Financial
Investment / Securities
bonds
This is from a heading in an informational document, but I haven't been given the source for the paragraph below it:
Information sur les ORNANE
I know from the context of the other headings that this is a type of bond. I see references to it on the internet, but there's no wikipedia entry for it, and I can't find any general info about it --- for instance, it's full name! I'm assuming this is an acronym.
What's the full name of this?
Information sur les ORNANE
I know from the context of the other headings that this is a type of bond. I see references to it on the internet, but there's no wikipedia entry for it, and I can't find any general info about it --- for instance, it's full name! I'm assuming this is an acronym.
What's the full name of this?
Proposed translations
(English)
| 5 +3 | ORNANE (bond redeemable in cash and shares) |
rkillings
|
Proposed translations
+3
4 mins
Selected
ORNANE (bond redeemable in cash and shares)
Just Google the word. The first hit, from Les Echos via Vernimmen.net:
Obligation remboursable en numéraire et en actions nouvelles et existantes (ORNANE)
Obligation convertible (plus précisément Océane) dont le capital est remboursé à l'échéance en numéraire et si l'option de conversion est dans la monnaie, la différence entre le cours de bourse et le seuil de conversion est remboursé en actions de l'émetteur. Par rapport à une obligation convertible classique, l'émetteur limite donc la création d'actions nouvelles.
Keep the French initialism in all capitals and gloss it in parenthesis.
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Note added at 6 mins (2014-06-21 01:37:54 GMT)
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No real need to say "new and existing" shares. That's a technicality that no one in the Anglosphere pays much attention to.
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Note added at 12 hrs (2014-06-21 14:18:08 GMT)
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Not, not the same as ORA. This is a bond redeemable in cash plus an equity kicker.
Obligation remboursable en numéraire et en actions nouvelles et existantes (ORNANE)
Obligation convertible (plus précisément Océane) dont le capital est remboursé à l'échéance en numéraire et si l'option de conversion est dans la monnaie, la différence entre le cours de bourse et le seuil de conversion est remboursé en actions de l'émetteur. Par rapport à une obligation convertible classique, l'émetteur limite donc la création d'actions nouvelles.
Keep the French initialism in all capitals and gloss it in parenthesis.
--------------------------------------------------
Note added at 6 mins (2014-06-21 01:37:54 GMT)
--------------------------------------------------
No real need to say "new and existing" shares. That's a technicality that no one in the Anglosphere pays much attention to.
--------------------------------------------------
Note added at 12 hrs (2014-06-21 14:18:08 GMT)
--------------------------------------------------
Not, not the same as ORA. This is a bond redeemable in cash plus an equity kicker.
Note from asker:
| Is this the same as ORA? |
Peer comment(s):
| agree |
philgoddard
: Doesn't sound like the asker tried very hard :-)
5 hrs
|
| agree |
writeaway
: google? what's that?
8 hrs
|
| agree |
BrigitteHilgner
: I tried google - it works!
9 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Thank you."
Discussion