MBN 0.00% 8.3¢ mirabela nickel limited

From the issuer's perspective, the key benefit of raising money...

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    From the issuer's perspective, the key benefit of raising money by selling convertible bonds is a reduced cash interest payment. The advantage for companies of issuing convertible bonds is that, if the bonds are converted to stocks, companies' debt vanishes. However, in exchange for the benefit of reduced interest payments, the value of shareholder's equity is reduced due to the stock dilution expected when bondholders convert their bonds into new shares
 
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Currently unlisted public company.

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