stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights

it has already injected €15 billion ($20 billion) of convertible preference shares into the cajas via the fund for orderly bank restructuring (frob) and the deposit guarantee fund.

通过有序银行重组基金（简称frob）和储蓄担保基金，西班牙政府已经向地区性储蓄银行业注入150亿欧元（约200亿美元），购买其可转换优先股。

after deducting provisions already taken in 2011, asset sales and the recent swap of preference shares in its parent group, bfa, for bankia shares, the shortfall is closer to 2.7 billion euro.

该银行在2011年通过资产出售和向母公司互换优先股的方式筹集了一部分準备金，但仍面临着27亿欧元的资金缺口。

in addition, gm will receive preference shares worth $326m in saab spyker automobiles and will keep about $100m from saab's operating capital.

此外，通用将在萨博世爵汽车公司中持有价值3.26亿美元的优先股，以及1亿美元的萨博公司流动资本。

it is for this reason that basel 3 is likely, however much the banks squeal, to take a firm line on excluding low-quality instruments such as preference shares from core capital.

这个似乎是应该是把一些低质金融产品排除在核心资本之外设定严格的标準，例如优先股。

from the taxpayer’s point of view, it might make sense to limit dividend payments to other shareholders until the government’s preference shares have been paid off.

在纳税人看来，只有在清偿了政府的优先股之后，将股利发放给其他股东也许才是合理的。

gm still has preference shares in saab, and thus has a say over the carmaker’s takeover by the two chinese companies.

通用在萨博仍持有优先股，因此在这件事上仍有话语权。

however, vc can only achieve certain parts of interest by preference shares under current framework of law in china.

我国现行法律体系下，创业投资仅能通过条款设计实现优先股的部分权益。

worse, banks have come to rely on issuing their own preference shares to raise capital, and will find that harder if holders of fannie’s and freddie’s paper suffer losses.

更严重的是，很多银行开始通过发行优先股来进行融资，但是发现fannie和freddie的股东受损之后这样的融资方式似乎更加难做。

the proposed rescue deal for saab had to be approved by gm since the u.s. group still has preference shares in saab and has supplied the swedish auto brand with crucial components.

拟议的萨博拯救法案已经被通用公司批準。通用集团依然拥有萨博的优先股而且向瑞典汽车提供重要的零部件。

issuing preference shares is an efficient measure for venture capitals to control risks and it also is the best investment tool.

优先股是创业投资控制风险的有效手段，是创业投资的最佳投资工具。

fund raising via secondary share issues, including by way of rights issue, private placement and bonus issue of ordinary shares, preference shares and other convertible securities such as warrants.

通过增发融资，包括认购新股权、私募、发行普通红利股、优先股以及其他可转换债券如认股权证。

welles ltd wants to sell preference shares at $7 per share.

威尔斯有限公司希望出售优先股每股7美元。

for example, the dividends on citigroup’s government preference shares can be deferred but not cancelled, unlike those on common stock.

比如说，对政府持有的花旗银行优先股股利的发放可以延迟，但是却不能取消发放。 而普通股就不一样。

britain has now swapped its preference shares in royal bank of scotland into pure equity, taking its stake to 70%.

英国已经把它在rbs中的优先股换成了纯资本，占其股份的70%。

the simplest way to bolster this is to convert state preference shares into common equity.

解决这一问题最简单的办法是将政府持有的优先股转换为普通股。

the shares are usually of two kinds: preference shares and ordinary shares.

股票通常有两类：优先股和普通股。

in western countries, legislation permits vc to adopt clauses of preference shares to protect their own interests.

境外的法律制度允许创业投资大量使用优先股条款以保证自身利益。

s. group still has preference shares in saab and has supplied the swedish auto brand with crucial components.

通用集团依然拥有萨博的优先股而且向瑞典汽车提供重要的零部件。

as for gm, it is avoiding the costs of closing saab down and is getting a small but useful pot of cash—even if its preference shares bring in nothing.

对于通用汽车来说，这避免了关闭萨博的成本，即使它的优先股不会带来收益，通用也也会获得少量的但是有用的现金。

a very similar issue of preference shares having similar risk characteristics already on issue has a price of $3 per share and offers a dividend of $0.15 every year.

一个非常类似的问题，具有类似信用风险特征已发行的优先股每股3美元的价格，并提供每年0.15美元的股息。

but the real question is whether the preference shares are safe.

但是真正的问题是优先股是否安全。