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 |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |


