Ann: Prospectus Convertible Note Entitlement Offer, page-2

1 for 6, convertible at 8% discount on 20 day rolling basis, 8 % interest paid semi annually.
Min conversion price 40c max conversion price 120c.
Can apply for extra, notes will be listed but not rights.
Closes 11th November.

I guess my question is what price will the notes trade at when they list?
If for example the market prices CSS debt with a yield of 12% instead of 8% in the future the notes would have a tradeable price of 67c.
Simiarly if there was a lot of interest seeking high yield investments the yield could fall to 6% in the future & the notes would trade at 133c.
Either way the conversion rate would still be based on the face value of 100c.