Sentence examples for right to convert from inspiring English sources

Convertibles provide interest income and the right to convert bonds to common stock at a preset price.

Lehman Brothers gave Livedoor the money in exchange for "death spiral" convertible bonds, which give Lehman the right to convert the bonds into shares at a constant discount to the share price.

But Sonus didn't mention one side deal in the press release: a $10 million sale to BellSouth of convertible debt, with a 4.75% coupon and a right to convert into Sonus stock at $30. Sonus and BellSouth won't say how much the switch contract is worth.

Central banks had the right to convert their dollar holdings into bullion.

With them, the holder has the right to convert his or her investment into shares at a predetermined price.

They would be given the right to convert Class B shares into the supervoting Class A shares.

Last month, the company won a critical regulatory ruling giving it the right to convert some satellite airwaves for cellphone service.

Historically, these bonds have been underpriced, because too low a value has been placed on the right to convert them to equity.

In exchange for its 25percentt stake in Roadrunner, AT&T will receive the right to convert 345,000 Roadrunner subscribers into Excite@Home subscribers.

Texas Instruments will hold more than 16percentt if it exercises its right to convert most of its loan into more shares.

Investors receive a lower rate of interest than on conventional debt, in return for the right to convert the bonds into shares if the share price rises above a certain point.