Had to have a higher risk to the subordinated debentures generally if they become a custoso method of financing for the eminent one. Being the subordinated debentures convertible, it will be able these to have a tax of inferior return of the debentures. The possessors of regular debentures (with priority) in the liquidation case if benefit of the existence of subordinated debentures. Debentures of Profits? These demand the interest payment when only to exist available profits to effect the payment. Normally they are emitted during the reorganization of a insolvent company or you give to declare insolvent. Deep the not paid interest is accumulated and must be paid before any distribution of the common shareholders. Generally the stipulated tax of interest well is raised.
2.4. Which the debentures with guarantee? A variety of debentures with guarantee exists to raise deep in long stated period. Debentures with guarantee and also loans in short term with guarantee, they have specific assets as collateral. If the drawer leaves to observe any clauses of the contract of debentures with guarantee, the agent trustee will be able to eliminate the collateral one to satisfy the claims of the possessor of debentures. The possessor of debentures if becomes a general creditor if its total claim will not be satisfied by means of liquidation. The basic types of debentures with guarantee are: Debentures with Mortgage, Debentures Guaranteed for Collateral and Certifyd of Equipment Guarantees. Debentures with Mortgage – it is a debenture guaranteed with a bond on the real state or constructions. Generally the value of market of the collateral one is bigger of what the sum of the debenture emission. Some debentures with mortgages are guaranteed by general mortgages, of form that all the assets of the company act as collateral; Debentures Guaranteed for Collateral – the possessed heading for an agent trustee to consist of action and/or debentures of other company, guaranteed debentures, emitted against this collateral one, are called Debentures Guaranteed for Collateral.