ORNANE

English translation: ORNANE (bond redeemable in cash and shares)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:ORNANE
English translation:ORNANE (bond redeemable in cash and shares)
Entered by: Jana Cole

01:31 Jun 21, 2014
French to English translations [PRO]
Bus/Financial - Investment / Securities / bonds
French term or phrase: ORNANE
This is from a heading in an informational document, but I haven't been given the source for the paragraph below it:

Information sur les ORNANE

I know from the context of the other headings that this is a type of bond. I see references to it on the internet, but there's no wikipedia entry for it, and I can't find any general info about it --- for instance, it's full name! I'm assuming this is an acronym.

What's the full name of this?
Jana Cole
United States
Local time: 04:43
ORNANE (bond redeemable in cash and shares)
Explanation:
Just Google the word. The first hit, from Les Echos via Vernimmen.net:

Obligation remboursable en numéraire et en actions nouvelles et existantes (ORNANE)

Obligation convertible (plus précisément Océane) dont le capital est remboursé à l'échéance en numéraire et si l'option de conversion est dans la monnaie, la différence entre le cours de bourse et le seuil de conversion est remboursé en actions de l'émetteur. Par rapport à une obligation convertible classique, l'émetteur limite donc la création d'actions nouvelles.

Keep the French initialism in all capitals and gloss it in parenthesis.

--------------------------------------------------
Note added at 6 mins (2014-06-21 01:37:54 GMT)
--------------------------------------------------

No real need to say "new and existing" shares. That's a technicality that no one in the Anglosphere pays much attention to.

--------------------------------------------------
Note added at 12 hrs (2014-06-21 14:18:08 GMT)
--------------------------------------------------

Not, not the same as ORA. This is a bond redeemable in cash plus an equity kicker.
Selected response from:

rkillings
United States
Local time: 04:43
Grading comment
Thank you.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +3ORNANE (bond redeemable in cash and shares)
rkillings


Discussion entries: 3





  

Answers


4 mins   confidence: Answerer confidence 5/5 peer agreement (net): +3
ORNANE (bond redeemable in cash and shares)


Explanation:
Just Google the word. The first hit, from Les Echos via Vernimmen.net:

Obligation remboursable en numéraire et en actions nouvelles et existantes (ORNANE)

Obligation convertible (plus précisément Océane) dont le capital est remboursé à l'échéance en numéraire et si l'option de conversion est dans la monnaie, la différence entre le cours de bourse et le seuil de conversion est remboursé en actions de l'émetteur. Par rapport à une obligation convertible classique, l'émetteur limite donc la création d'actions nouvelles.

Keep the French initialism in all capitals and gloss it in parenthesis.

--------------------------------------------------
Note added at 6 mins (2014-06-21 01:37:54 GMT)
--------------------------------------------------

No real need to say "new and existing" shares. That's a technicality that no one in the Anglosphere pays much attention to.

--------------------------------------------------
Note added at 12 hrs (2014-06-21 14:18:08 GMT)
--------------------------------------------------

Not, not the same as ORA. This is a bond redeemable in cash plus an equity kicker.

rkillings
United States
Local time: 04:43
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 131
Grading comment
Thank you.
Notes to answerer
Asker: Is this the same as ORA?


Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Doesn't sound like the asker tried very hard :-)
5 hrs

agree  writeaway: google? what's that?
8 hrs

agree  BrigitteHilgner: I tried google - it works!
9 hrs
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search