Put: Difference between revisions
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imported>Doug Williamson (Layout.) |
(Add definition. Source - The Treasurer, Issue 2, 2025 - p49.) |
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1. ''Options.'' | |||
#To place. | |||
Put option. | |||
2. ''Options.'' | |||
To exercise an embedded put option to sell a security back to its issuer. | |||
:<span style="color:#4B0082">'''''Bonds in issue may be put following change of control'''''</span> | |||
:"As part of the proposed all-share merger between Capital & Counties Properties plc and Shaftesbury plc announced in June 2022 and approved by shareholders in July 2022, Capital & Counties put in place a £576m backstop unsecured loan facility, provided by three banking partners, to support the redemption of all or part of the Shaftesbury Mortgage Bonds that may be put as a result of a change-of-control trigger." | |||
:''The Treasurer online, 4 April 2023 - ACT Deals of the Year 2022: Loans below £750m Highly commended.'' | |||
3. ''Options - convertible debt.'' | |||
The date on which a convertible security may be sold back to its issuer. | |||
Example: | |||
"[IWG's treasury team] also supported the partial repurchase of £192m of the group's existing £350m convertible bond (2025 put)." | |||
''(The Treasurer, Issue 2, 2025 - p49)'' | |||
4. ''Verb.'' | |||
To place. | |||
As in ''put aside, put in place'' and the like. | |||
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* [[Average effective maturity]] | * [[Average effective maturity]] | ||
* [[Average nominal maturity]] | * [[Average nominal maturity]] | ||
* [[Backstop facility]] | |||
* [[Bond]] | |||
* [[Central bank put]] | |||
* [[Change of control put]] | |||
* [[Exercise]] | |||
* [[Greenspan put]] | |||
* [[Issuer]] | |||
* [[Merger]] | |||
* [[Put call parity]] | |||
* [[Put-call parity theory]] | |||
* [[Put option]] | * [[Put option]] | ||
* [[Puttable]] | * [[Puttable]] | ||
* [[Receivable put]] | |||
* [[Redemption]] | |||
* [[Security]] | |||
* [[Trigger event]] | |||
* [[Unsecured]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 10:39, 1 June 2025
1. Options.
Put option.
2. Options.
To exercise an embedded put option to sell a security back to its issuer.
- Bonds in issue may be put following change of control
- "As part of the proposed all-share merger between Capital & Counties Properties plc and Shaftesbury plc announced in June 2022 and approved by shareholders in July 2022, Capital & Counties put in place a £576m backstop unsecured loan facility, provided by three banking partners, to support the redemption of all or part of the Shaftesbury Mortgage Bonds that may be put as a result of a change-of-control trigger."
- The Treasurer online, 4 April 2023 - ACT Deals of the Year 2022: Loans below £750m Highly commended.
3. Options - convertible debt.
The date on which a convertible security may be sold back to its issuer.
Example:
"[IWG's treasury team] also supported the partial repurchase of £192m of the group's existing £350m convertible bond (2025 put)."
(The Treasurer, Issue 2, 2025 - p49)
4. Verb.
To place.
As in put aside, put in place and the like.
