According to the ASX release dated 26 Sep 19 "Woolworths may convert the Woolworths Group Convertible Bond to shares / CDIs under specific circumstances after two years from the issue date until the maturity of the Woolworths Group Convertible Bond.
It hasn't even been 1 year yet, what's going on? Also, if they are converting tranche 1 of $2.95m then they can expected to convert tranche 2 of $23m as well?
MMM Price at posting:
$3.45 Sentiment: Buy Disclosure: Held