UAL also said Tuesday that it would redeem its 6 . 375-percent convertible subordinated debentures, reducing its gross interest expense by $ 38 million a year.
12.
Gross interest rate income rose only 18.6 percent, as UBS's own holdings had to be reinvested at lower returns as interest rates fell this year, Erismann said.
13.
Gross interest rate income meanwhile rose only 18.6 percent as UBS's own holdings had to be reinvested at lower returns as interest rates fell this year, Erismann said.
14.
At the operations level, the group registered gross interest income of RM1.37 billion which, after accounting for interest expense, translated into a net interest income of RM413.25 million.
15.
Gross interest rate income rose only 18 . 6 percent, as UBS's own holdings had to be reinvested at lower returns as interest rates fell this year, Erismann said.
16.
Gross interest rate income meanwhile rose only 18 . 6 percent as UBS's own holdings had to be reinvested at lower returns as interest rates fell this year, Erismann said.
17.
Separately, UAL said it will redeem its 6 3 / 8 percent convertible subordinated debentures, a move that will reduce the company's gross interest expense by $ 38 million a year.
18.
Bowater and the trade groups said the calculations should instead be based on net interest expenses-- by taking the gross interest costs and then subtracting any interest income from short-term investments.
19.
At the operations level, the group registered gross interest income of RM1 . 37 billion which, after accounting for interest expense, translated into a net interest income of RM413 . 25 million.
20.
The IRS played down the conflict, however, saying the government's rules on deductions have been changed twice since the New Orleans court addressed the issue, and now explicitly require the use of gross interest costs.
