Ravelin Properties REIT 9.00% Convertible Unsecured Subordinated Debentures (SOT.DB)

Ravelin Properties REIT 9.00% Convertible Unsecured Subordinated Debentures (SOT.DB $31.00)
- $31.00 Cap: $2.66B
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Ravelin Properties REIT (SOT.UN $0.20)
- $0.20 Cap: $16M
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Ravelin Properties REIT 9.00% Convertible Unsecured Subordinated Debentures (SOT.DB $31.00)
- $31.00 Cap: $2.66B
- View SOT.DB Profile
- View Questions on SOT.DB

Q: Hi 5i,

Just looking for your opinion on the dentures of SOT.un. This would be part of my higher risk bond portfolio. It’s a 5.25% debenture (SOT.DB) due 28/02/23 currently trading around par.

The balance sheet seems strong enough to handle the repayment in 2023. I don’t think the conversion price of $10.53 will enter into the conversation.

Any concerns and your opinion would be most helpful.
John

Read Answer Asked by John on April 26, 2021