If you have buy ICSLS (irredeemable convertible secured loan stocks), how does the % coupon entitlement calculation?
Here is the formula:-
{(Quantity x coupon rate)/frequency of pymt } x par value x tax
Eg: SCOMI-LA, if you have 20000 shares, Coupon of 4% per annum ICSLS, you will entitled for RM19.94.
{(Quantity x coupon rate)/frequency of pymt } x par value x tax
{(20000 x 4%)/4 } x 0.1 x 0.997 = RM19.94
Scan 18 Jun 2024
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Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
HIBISCS Long 6/18/2024 2.44 9009500 21.21 30 21
NGGB Long 6/18/2024 0.87 2884200 24.89 18 17
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