Q: Chesswood has announced that they will redeem all $20 million of its outstanding 6.5% convertible debentures in January 2018, well ahead of their maturity date of December 31, 2018
Can you explain 1) what is a convertible debenture? And 2) how material is it when these are redeemed ahead of their maturity date?
Thanks
John
Can you explain 1) what is a convertible debenture? And 2) how material is it when these are redeemed ahead of their maturity date?
Thanks
John