Convertible Debenture

(redirected from Debenture, Convertible)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
The financing, in the amount of CAD75m, will be structured as a senior non-guaranteed debenture, convertible at the discretion of SGF into company shares at a price of CAD9.18 per share.
Osisko Mining Announces Financing Agreement
The option provides that the company will pay the royalty holders USD1,750,000 cash, 7,726,250 company common shares, and a three year USD1,909,500 5% debenture, convertible into common shares at USD0.70 per share for the first year of the three year term and increasing by USD0.10 per share per year until maturity.
Gryphon Adjusts Option Agreement on Borealis Royalty

Financial browser ?
Full browser ?