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Article: Letter to the Family Finance Surgery: Loan notes

Article from:
The Sunday Telegraph London
Article date:
December 22, 1996
Author:
Copyright

WHILE I have shareholdings in East Midlands Electricity, I resent any moves to shrink my portfolio of privatisation issues. The relevant documents received make reference to a "loan note alternative".

I am unable to establish the true meaning or implication of a loan note alternative, although it does seem that my investment will continue for a minimum period of 10 years with a dividend payout annually. Can you please clarify?

N McPhail, Worksop, Notts East Midlands is being taken over by Dominion Power of the US. In a company takeover, a loan note alternative gives the company making the takeover bid the opportunity to defer paying cash for the shares in the ...

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