ConvertibleExpired
0% Convertible Notes due 2026
XYZ-May26
$75.72▲ 1.84%
BTC Holdings
9,032 BTC
Total Debt
$6.78B
Leverage
0.0%
mNAV
67.93x
Outstanding
$0.00
Issue date
2020-11-13
Principal
$575.00M
Coupon
0.00%
Maturity
2026-05-01
Conversion price
$299.13
ITM Status
OTM (-74.7%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Nov 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 Nov 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
- Capped call transactions entered concurrently with issuance
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-05-01 | Maturity | $0.00 Auto-zeroed at maturity |
| 2020-11-13 | Issuance | $575.00M |
- 2026-05-01 — $0
- 2020-11-13 — $575,000,000Item 1.01