IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK - ICULS
A security that can be used to acquire underlying common shares. It is the same with a warrant except that it is subject to the conversion ratio. It essentially renders the safety of a bond until converted to an equity. ICULS has to be converted to shares when matured at the predetermined ratio in case the loan stock is not redeemable.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Jul | |
| 03:45 | Markit Final Manufacturing PMI | Jul | |
| 08:00 | Retail Sales | Jun | |
| 08:30 | CPI | Jul | |
| 09:15 | PMI Manufacturing | Jul | |
| 09:30 | Procure PMI Index | Jul | |
| 09:45 | PMI Manufacturing | Jul | |
| 09:50 | PMI Manufacturing | Jul | |
| 09:55 | PMI Manufacturing | Jul |
