Lg ... for the holders/investors in the convertible debenture (commonly for an added 'real' optionality), they can excercise a right (sometimes with an attached fee) to convert their debt on a fixed ratio (commonly) into ordinary equity. If they do so, there are either fixed periods or set conversion dates for a predetermined price; this would be calculated on an agreed formula b/ween the isssuer (NDO) and holder (MLI). There are quite a few reasons for holding such a bond, most of which relating to the holder gaining access to potential value of the issuer that the holder would otherwise be unable to participate in (i.e., only 1st-way receipt of cashflow/coupons). Also, NDO may have received more favourable costs/terms on the isssue for attaching the right for MRI to convert. IMO, it shows MLI may have had a longer-term, investment oriented view of NDO, and may be prepared to buy equity rather than simply take a creditor position. I'm not sure how the 8c would be calc'd, you'd have to see the terms of agreement for that one; commonly at a discount to the weighted-avg of x-days of trade, etc.
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Last
82.5¢ |
Change
0.005(0.61%) |
Mkt cap ! $188.1M |
Open | High | Low | Value | Volume |
82.0¢ | 82.5¢ | 82.0¢ | $6.074K | 7.362K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 638 | 82.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 638 | 0.825 |
2 | 7341 | 0.810 |
1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 1 | 1 |
0.835 | 1 | 1 |
0.845 | 1966 | 1 |
0.850 | 6617 | 1 |
0.880 | 6000 | 1 |
Last trade - 10.25am 10/09/2024 (20 minute delay) ? |
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