2024 Beetle Convertible Debentures. Instead of issuing only common stock or a regular debenture, it opts to issue convertible debentures. Investors in fully convertible debentures have the opportunity to convert their debt holdings into equity shares of the issuing company, allowing them to.
The outstanding principal amount of the 2020 debentures was us$365 million and none of the 2020 debentures had been converted into common shares of blackberry (“ common shares. Convertible debentures provide flexibility to investors, allowing them to choose between receiving fixed interest payments or converting their investment into equity.