ConvertibleExpired
0.125% Convertible Notes due 2025
XYZ-Mar25
$74.78▲ 2.66%
BTC Holdings
9,032 BTC
Total Debt
$5.78B
Leverage
0.0%
mNAV
77.06x
Outstanding
$0.00
Issue date
2020-03-05
Principal
$1.00B
Coupon
0.13%
Maturity
2025-03-01
Conversion price
$121.01
Premium at issue
+52.7%
ITM Status
OTM (-38.2%)
Analytics
ITM History
Stock price vs conversion price ($121.01)OTM -46.0%
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Mar 1, Sep 1
- Rate type
- Fixed
- Forced conversion
- On or after Mar 5, 2023 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Call provision
- Redeemable at par plus accrued interest on or after Mar 5, 2023 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- At 100% of principal upon fundamental change
- Use of proceeds
- General corporate purposes
- Capped call
- Convertible note hedge with effective cap price of $161.34 per share
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-03-01 | Maturity | $0.00 |
| 2020-03-05 | Issuance | $1.00B |
- 2025-03-01 — $0Note 14 — Indebtedness
- 2020-03-05 — $1,000,000,000Item 1.01