Convertible Debenture


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Convertible Debenture

An unsecured, convertible bond. That is, a convertible debenture is a bond with no collateral that may, at the bondholder's discretion, be exchanged for common stock in the company issuing the bond. See also: Compulsory convertible debenture.
References in periodicals archive ?
The Company will grant an option to require the Company to sell, at the sole discretion of the Lead Agent, up to an additional 600 Convertible Debentures at the Issue Price (the Agents Option) (up from the 450 Convertible Debentures previously announced on December 13, 2017) and otherwise on the same terms and conditions, exercisable in whole or in part upon providing written notice to the Company not less than forty-eight (48) hours prior to the closing date for the Offering (the Closing Date).
RAB has also agreed that the company shall have an option to repay on February 23, 2009 the USD772,200 of accrued interest on RAB's convertible debentures in either common shares of the company or cash.
4% of the votes and the share capital after conversion of all convertible debentures issued by Song, the company added.