Hi, sifus
wht does this means

2577 YTLLAND YTL LAND & DEVELOPMENT BHD
Rights Issue 3 : 5 @ RM0.50 (Amended)

Entitlement Details:
Renounceable rights issue of up to RM248,684,727 nominal value of ten (10)-year
3.0% stepping up to 6.0% irredeemable convertible unsecured loan stocks
("ICULS") at 100% of nominal value on the basis of three (3) RM0.50
nominal value of ICULS for every five (5) existing ordinary shares of RM0.50
each in YTL Land & Development Berhad ("YTL Land") held on 5 October 2011 at
5.00 p.m. ("Rights Issue of ICULS")

thank u Ken_ng,
but what about this mean 3.0% stepping up to 6.0% irredeemable convertible unsecured loan stocks
("ICULS") at 100% of nominal value

it shud be, assume 3xICUL cost 1.5kRM in total
yr 1~3, i earn 45 ringgit/annum;
yr 4~7, i earn 67.5 ringgit/annum;
yr 8~10, i earn 90 ringgit/annum.
pls correct me if wrong.