Thursday, September 07, 2017 6:06:15 PM
What is a 'Convertible Debenture'
A convertible debenture is a type of loan issued by a company that can be converted into stock. Convertible debentures are different from convertible bonds because debentures are unsecured; in the event of bankruptcy, the debentures are paid after other fixed-income holders. The convertible feature is factored into the calculation of the diluted per-share metrics, which increases the share count and reduces metrics such as earnings per share (EPS).
http://www.investopedia.com/terms/c/convertibledebenture.asp
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