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Finance > Redemption Cushion
The following information is about Redemption Cushion.
Redemption Cushion Defined
The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
This definition is in context to Finance. See more contextual defintions for Redemption Cushion.
Alternative to Intervention Fund
Published October 5, 2008, 7:30 pm, This Day
Hon Minister of Finance, Sir, further to my short note to you last week (published in Thisday on Sunday 21st September, 2008, page 21), I have read many reports about suggestions that the proposed Intervention Fund has been shelved by the FGN because of reasons including: non-interference with the market and purported injection of funds by the CBN.
CIBC to use $1B Cerberus cash to stop mortgage writedowns
Published October 3, 2008, 9:23 am, CBC
CIBC took a big step toward ending U.S. real estate writedowns Friday by getting Cerberus Capital to invest $1 billion in the Canadian bank's residential mortgage business.
CIBC to use $1B Cerberus cash to stop mortgage writedowns
Published October 3, 2008, 6:05 am, CBC via Yahoo! Canada News
CIBC took a big step Friday toward stoppering its U.S. real estate red ink by securing a $1 billion US investment in its residential mortgage business from Cerberus Capital.
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