The plan entails a refinancing and full redemption of the Senior Sukuk via a MYR 400 million Syndicated Term Loan (STL) and MYR 263 million of Redeemable Convertible Unsecured Loan Stocks.
What does ULS stand for?
ULS stands for Unsecured Loan Stock
This definition appears rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of ULS
We have 63 other meanings of ULS in our Acronym Attic
- Universal Learning System (artificial intelligence)
- Universal Licensing System
- Universal Listing System (real property)
- Universal Load Simulator
- Universal Logging System (open source computing)
- Universidad de La Serena (Chile)
- University Laboratory School (various schools)
- University Legal Services (Washington, DC)
- University of Liggett School
- Unmanned Logistics Systems (US DoD)
Samples in periodicals archive:
This is because we have been buying back our Convertible Unsecured Loan Stock at a higher price than the original issue price, and writing off the premium.
It is taking advantage of its strong cash position to repay early the whole of its seven per cent unsecured loan stock of which pounds 13 million remains outstanding.
In July, Ecofin Water and Power Opportunities raised [pounds sterling]80 million ($132 million) though the issue of new convertible unsecured loan stock and [pounds sterling]60 million ($99 million) through the issue of new zero dividend preference (zero) shares.