NFI Group Inc. 5.0% unsecured convertible debentures (NFI.DB)

NFI Group Inc. 5.0% unsecured convertible debentures (NFI.DB $100.45)
- $100.45 Cap: $11.96B
- View NFI.DB Profile
- View Questions on NFI.DB

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NFI Group Inc. 5.0% unsecured convertible debentures (NFI.DB $100.45)
- $100.45 Cap: $11.96B
- View NFI.DB Profile
- View Questions on NFI.DB

Q: Would this be a reasonable investment for someone seeking income? I would hold it in my RRSP.

Read Answer Asked by Robert on December 24, 2021

NFI Group Inc. 5.0% unsecured convertible debentures (NFI.DB $100.45)
- $100.45 Cap: $11.96B
- View NFI.DB Profile
- View Questions on NFI.DB

Q: More of an educational question on Convertable Bonds, e.g. NFI conv bonds issued 2 Dec 2020 at $1000 per bond paying 5% interest convertable to common shares at $33.15 anytime before or on maturity in 15 Jan 2027. These trade on the TSX under NFI.DB currently at $99.00. How does the price go from 1000 to 99. Would I be buying the "bond" or something else. What price would I get on maturity. Is it common for convertable debentures to trade on the TSX.
Thanks in advance. Ken

Read Answer Asked by Ken on December 22, 2021