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bond conversion

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bond conversion
The exchange of a convertible bond for another asset, generally shares of common stock.

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Percentage of double bond conversion was obtained as per equation (3):
Since its Brady Bond conversion a decade ago, an accumulated US$5 billion in private obligations have always been honored, and recent installments have featured a premium tied to surging hydrocarbon proceeds.
Primarily as a result of the bond conversions during the second quarter, we reduced the deficit in stockholder's equity to $11 million.
 
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