tranches

The convertible stock was to pay an annual dividend of 10 per cent, and convert into common stock at$ 35.25 in two tranches over the coming two years.

可转换股每年将支付10%的股息，并且要在未来两年内，分两批以每股35.25美元的价格转换为普通股。

It now expects losses on these tranches to be " immense ".

现在,这些东西将带来 “ 巨大 ” 的损失.

The bond sale is split into two tranches and will be priced to convert at$ 45 and$ 60 a share.

此次发行的债券分为两个部分，转股价格分别为每股45美元和60美元。

And ifdefaults occur, the junior tranches take the first hit.

如果发生拖债, 刺激资金层则承受最直接的冲击.

A more straightforward plan would be strongly to encourage banks to auction off tranches of toxic assets without providing subsidies to the purchasers.

一个更直接的计划是大力鼓励银行拍卖不良资产，但不向收购方提供补贴。

The loan will be split evenly into two$ 500m tranches: a term loan and a revolving credit facility.

这笔贷款将分为两大块：一笔5亿美元的贷款和一个5亿美元的循环信贷额度。

Investors, typically hedge funds, buy high-coupon bonds that are often divided into tranches.

投资者, 通常是对冲基金, 购买这种分为不同部分的高利率债券.

Only whenthese have been paid will the more junior tranches get their share.

只有在这些资金层被付完之后,次级资金层才会得到它们的部分.