convertible bond

(redirected from Convertible debenture)
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  • noun

Words related to convertible bond

a bond that can be converted to other securities under certain conditions

References in periodicals archive ?
OTCBB:WFYW), a leading developer of GPS-enabled wireless location products and services, today announced an amendment to the agreement relating to the redemption of Wherify Wireless' outstanding secured convertible debenture obligations to Cornell Capital Partners ("Cornell").
The principal reasons for the increase in net loss were $2,127,000 of non-cash charges related to fair value accounting and interest expense associated with the Company's convertible debenture and increased general and administrative expenses.
David Dodge, vice president and CFO of NeoMedia, said the $5 million was originally due upon registration of shares underlying the previous $27 million convertible preferred agreement, but was moved forward and changed from a convertible preferred stock sale to a convertible debenture by both parties.
In addition, in exchange for the $1,500,000 Revolving Credit Note of the Corporation which was due on demand at any time after December 31, 1993, the Corporation issued to Richard Gillman a $1,500,000 Secured Convertible Debenture which bears interest at the Prime Rate plus one percent.
The terms of the Renaissance loan agreement and the SLI convertible debenture obligate Renaissance upon failure to consummate the merger or upon its termination to accept such convertible debentures of Appoint in principal amount of $300,000 from SLI in complete satisfaction of, and in substitution for, the SLI convertible debenture, and, upon, Renaissance's receipt from SLI of such convertible debentures of Appoint, SLI will have no further liability to Renaissance under the Renaissance loan agreement and the SLI convertible debenture.
3 /PRNewswire/ -- DNE Corporation (OTC) announced today that it completed its initial closing from the private sale of convertible debentures of $1,791,000 in gross proceeds.
Logitech") jointly announced that they have agreed to amend the terms of a letter of intent in respect of a Cdn $1,500,000 convertible debenture financing announced March 13, 1992.
The one-year interest free period from 1-01-06 through 12-31-06 on existing convertible debenture notes and the company's redeemable convertible preferred stock remains in effect.
The preferred shares and convertible debentures as a Unit are convertible into EMS common shares at a conversion price of $0.
The secured convertible debenture is convertible into shares of our common stock at any time by dividing the dollar amount being converted by the lower of $0.
The convertible debentures will bear interest at a floating rate equal to three-month LIBOR plus .
45 per share the value of the 5% Convertible Debenture was approximately $3,046 as compared to the par value of redemption plus call premium of $1,010.
Each Convertible Debenture was offered and sold at a price of U.
20% convertible debentures issued by Algonquin maturing on November 30, 2016 for each $100 of Convertible Debenture principal together with accrued interest thereon (representing an equivalent price of $104.