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 |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
