CSS clean seas seafood limited

A couple of questions...From what I can see a CSSG note converts...

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    A couple of questions...

    From what I can see a CSSG note converts to 1 CSS share but guarantees 9% per annum up to that point in time.

    Can anybody explain then why they are selling for less than a share as I would have thought with the $ return they would be higher that the underlying share in price?

    Also has anybody compared CSS to AAQ and got a preference for one or the other?

 
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