Mind The Converts: Ticking Time Bombs From Tesla To Twitter

Of the $65 billion of outstanding convertible bonds issued by technology firms, nearly half were out of the money as of March 29, data compiled by Bloomberg show. Among them is Twitter’s issue due in September 2019, convertible if its shares climb to $77.64; they traded at $28.21 Thursday after slumping 11 percent this month.

 

 

 

https://www.bloomberg.com/news/articles/2018-03-29/they-once-saved-amazon-now-convertible-bonds-expose-tech-qualms

 

 

 

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