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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$8.49 |
Change
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Mkt cap ! $3.309B | |||
| Open | High | Low | Value | Volume |
| $8.48 | $8.49 | $8.39 | $1.369M | 162.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4991 | $8.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $8.49 | 958 | 5 |
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