LYC lynas rare earths limited

ann: completion of convertible bonds issue, page-17

  1. 3,069 Posts.
    like some above, convertible bonds a bit of a mystery to me - can someone with expertise confirm what appears to be the case for me: ie that redemption of 50m 1st tranche is generally a good thing and that increasing 2nd trance is a definitive vote of confidence, so a v. good thing... what is the exact benefit to Lynas?

    Given the effect on the SP of the original ann of the bond issue earlier this year, would we be likely to see some positivity creeping in from this, or is it not that significant? Thanks.
 
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