Invesque Inc. 8.75% Convertible Unsecured Subordinated Debentures (IVQ.DB.V)

Invesque Inc. 8.75% Convertible Unsecured Subordinated Debentures (IVQ.DB.V $56.00)
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Invesque Inc. 8.75% Convertible Unsecured Subordinated Debentures (IVQ.DB.V $56.00)
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Q: Currently, Invesque 6% convertible debentures series V are trading at about $83 US ( on the TSX). They mature on 30-Sep-2023 at $100, i.e. about 15 months from now.
This corresponds to a fabulous annualized Yield to Maturity of roughly 21%.
In your opinion, what is the risk that Invesque will default in the payment of these debentures? Does this seem to be a good risk to reward?
Thanks!

Read Answer Asked by Gregory on July 05, 2022