Convertible note
A bond the holder can convert into shares at a set price. The conversion option lets the issuer pay a lower coupon.
See also: Conversion premium · Capped call
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Randeep Bubbra | Lawyer | Making space financeable
InfraOrbit Weekly
The week in space finance, read from the filings.
Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.
Working on a financing like this? Book 20 minutes with Randeep to see how it compares.