via @Paul_M_Huettner:
2019 Bonds: 107.859 (7.859% premium) $5mm traded today $TSLA Stock: $365.15 (1.468% premium) Reminder: $TSLA will pay based on previous 20 day VWAP formula. Payout is currently at $990.42 so conversion now makes ZERO sense.
Quick update to this with the help of @GatorInvestor. The observation period to determine conversion value after 12/1/18 is the 20 day trading period beginning on 1/29/19 and ending 2/26/19. Therefore, conversion DEFINITELY won’t happen until late February.
Quick update to this with the help of @GatorInvestor. The observation period to determine conversion value after 12/1/18 is the 20 day trading period beginning on 1/29/19 and ending 2/26/19. Therefore, conversion DEFINITELY won’t happen until late February.