BEC
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0.00% 33.0¢ becton property group

convertible notes questions

  1. qq830821
    419 Posts.
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    19/01/09
    16:34
    Post #: 4706213
    i just have a question re: becton convertible notes:
    how does becton treat them upon maturity i read in the prospectus that they may at their discretion to pay the difference in cash. my understanding of this would be if at the maturity date, the share price is less than 65c, the company may pay the difference, if not then we will covert the notes to shares at the purchase price? ie 65c not guaranteed?
    BEC Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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