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。

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。

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。

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。

A share discount to par value can be significant for preference shares, which pay fixed dividends based on par value.

股票贴水对优先股很重要，因为优先股是根据面值来支付固定股息的。

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。

Even that proved a stopgap; on December 3rd it was announced that the Banks would swap the debt for 75% of the ordinary equity and a slug of preference shares.

但即使那样也仅是临时性的，12月3日，公司宣布将通过债转股把债务转换成全部普通股的75%和一部分优先股。

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准。 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。

A preference share that can be converted into common shares at a fixed conversion price.

指可按约定换股价转换成普通股的优先股。

The preferred shares have a liquidation preference of $1,000 apiece.

这些优先股每股可享有1，000美元的清算优先权。