Missed a critical bit of info from my last post. Looks like Lynas can not redeem bonds at any time.
5.5 Redemption by the Company
(a) Subject to the right of Bondholders to convert the Convertible Bonds at any time, if at any time during the Redemption Period the 30-day VWAP of the Shares is equal to or exceeds 160% of the Conversion Price, the Company may give notice of its intention to redeem all of the Convertible Bonds on issue by delivering a Company Redemption Notice to Bondholders.
Bonds are redeemed by Lynas at face value.
Redemption Amount means in respect of each Convertible Bond, the amount equal to:
(a) US$1.00; plus
(b) all accrued but unpaid interest on the Convertible Bond up to and including the Redemption Date. https://www.lynascorp.com/Shared Do..._Funding_and_Project_Updates_FINAL_240112.pdf
todays chart, page-336
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |