Homburg Capital Securities A

What is the Homburg Capital Securities A?

The Homburg Capital Securities A, is a new bond secured by a corporate guarantee that has a 99 year life, and bears interest at 9.5% for the first five years. Homburg Invest Inc., which has the option to pay the interest on the Homburg Capital Securities A in either cash or shares of Homburg Invest Inc., has guaranteed that for the first two years, the interest payment will be made in cash.