Electra Private Equity convertible – maturing in 2017 and paying a coupon of 5% – are convertible into the ordinary shares of Electra Private Equity
Electra Private Equity has the objective of achieving a rate of return on equity of between 10-15% per year over the long term by investing in a portfolio of private equity assets. It has three classes of share capital – ordinary shares, convertible unsecured loan stock (CULS) and zero dividend preference shares (ZDPs).