Guam Authorization to purchase 6 percent convertible debentures
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How to fill out Authorization To Purchase 6 Percent Convertible Debentures?
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FAQ
A compulsory convertible debenture is a bond that must be converted into stock at its maturity date. For companies, it allows for repayment of debt without spending cash. For investors, it offers a return in interest and, later, ownership of shares in the company.
Convertible Bonds The conversion ratio can also be found by taking the bond's par value, which is generally $1,000, and dividing it by the share price. A stock trading for $40 has a conversion ratio equal to $1,000 divided by $40, or 25.
Debentures are usually redeemable i.e. either redeemed in cash or convertible after a time period. Redeemable debentures may be redeemed: ? after a fixed number of years; or ? any time after a certain number of years has elapsed since their issue; or ? on giving a specified notice; or ? by annual drawing.
Convertible Value ? It is the value of these debentures that is mainly based on an investor's right to receive equity shares. It is the conversion ratio multiplied by the market price of each equity share.
Also, there are different types of debentures that a company can issue based on its fund requirement. Thus, a convertible debentures is one among them, where the debenture holders can convert their debt holdings partially or fully into equity shares of the company.
The convertible note interest rate can range from 2 to 8 percent. However, it stays most often in the 5 to 6 percent range.
The conversion will be at a ratio of after three years. The fixed interest rate paid to investors on the convertible debenture is 2%, which is lower than the typical bond rate. However, the lower rate is the trade-off for the right to convert the debentures into stock.
Investors can hold on to their convertible debentures and continue to receive fixed interest payments at the rate of 2% per year until the debt matures and the company returns their principal.
