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
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 2424 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 0.840 |
1 | 605 | 0.830 |
1 | 12269 | 0.815 |
1 | 7700 | 0.805 |
3 | 133250 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 2424 | 1 |
0.900 | 15000 | 1 |
0.950 | 6000 | 1 |
0.970 | 10000 | 1 |
0.990 | 5000 | 1 |
Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
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