Reported Earlier, PNM Resources Prices $500M 5.75% Junior Subordinated Convertible Notes Due 2054
Reported Earlier, PNM Resources Prices $500M 5.75% Junior Subordinated Convertible Notes Due 2054
早期报道，pnm resources定价5亿美元5.75%的2054年到期的次级可转换债券
The convertible notes will be unsecured obligations of PNM Resources and will rank junior and subordinate in right of payment to the prior payment in full of PNM Resources' existing and future senior indebtedness. Interest on the convertible notes will be paid semiannually, at a rate of 5.75% per annum, subject to PNM Resources' right to defer payments of interest as described below. The convertible notes will mature on June 1, 2054, unless earlier converted, redeemed or repurchased in accordance with their terms.
可转换债券将是pnm资源的无担保债务，将在现有和未来的高级债务的全额付款之前列为初级和次级。可转换债券的利息将以每年5.75%的利率半年支付一次，但依据pnm资源在下文所述的权利可推迟利息支付。可转换债券将在2054年6月1日到期，除非根据其条款提前转换、赎回或回购。