Question
Many businesses issue loan notes, which carry the right for holders to convert them into ordinary shares in the same business at a later date.
Many businesses issue loan notes, which carry the right for holders to convert them into ordinary shares in the same business at a later date. Why might a business choose to issue convertible loan notes rather than make an issue of equity in the first place?
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
