Well I may be wrong, but the amount equals about 154m aud, conversion price was 4.092, so that would be up to 37.6m ords, aboout 11% of MC. Suspect bond holders prefer bonds over equities, but hard to pass up a $45m profit.
Why didn't WEB approach somebody else and leave these notes in place? Maybe they needed the $45m profit (29% ish) carrot to get the deal over the line? Exy finance if I am right.
Ann: WEBJET ANNOUNCES AUD250 MILLION CONVERTIBLE NOTES OFFERING, page-14
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$7.60 |
Change
-0.020(0.26%) |
Mkt cap ! $2.972B | |||
| Open | High | Low | Value | Volume |
| $7.61 | $7.65 | $7.50 | $12.80M | 1.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3992 | $7.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 500 | 1 |
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