Proposal to Authorize and Issue Subordinated Convertible Debentures Franklin Ohioio has recently put forth a comprehensive proposal to authorize and issue subordinated convertible debentures, a financing instrument that combines the features of debentures and convertible securities. This proposal aims to raise additional capital for various projects and initiatives within the city while providing flexibility and potential growth opportunities for investors. The subordinated convertible debentures offered by Franklin Ohio are designed to possess several key characteristics that make them an attractive investment option. Firstly, they offer a fixed rate of interest, ensuring a regular income stream for investors. This interest rate is usually higher than what is provided by traditional bonds, reflecting the subordinate nature of the debentures. Secondly, these debentures are convertible, meaning that investors have the option to convert their debentures into a predetermined number of shares of common stock. This provision allows investors to potentially benefit from any increase in the value of the company's stock, thereby providing an avenue for potential capital appreciation. Moreover, Franklin Ohio's proposal tailors these debentures to be subordinated, which means they rank lower in priority compared to other types of debt in case of bankruptcy or liquidation. While this implies higher risk for investors, it often results in higher interest rates, making them an appealing investment choice for those seeking a potentially higher yield. The proposal by Franklin Ohio encompasses different types of subordinated convertible debentures, each tailored to meet varying investor preferences and risk appetites. Some options offered include fixed-term debentures, which have a predetermined maturity date, and perpetual debentures, which have no fixed maturity. Additionally, Franklin Ohio also provides options for different conversion ratios, enabling investors to convert their debentures into a different number of common shares, depending on market conditions or individual preferences. To further instill investor confidence and ensure transparency, this proposal outlines the specific terms and conditions associated with the subordinated convertible debentures. It includes details regarding the interest rate, conversion price, redemption provisions, and any other pertinent information that potential investors need to make informed decisions. Overall, Franklin Ohio's proposal to authorize and issue subordinated convertible debentures presents a compelling opportunity for both the city and investors. By raising capital through these flexible and potentially lucrative investments, Franklin Ohio aims to fund vital projects while simultaneously providing investors with a chance to diversify their portfolios and earn attractive returns.
Franklin Ohio Proposal to authorize and issue subordinated convertible debentures
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