Raising finance: Convertible loan notes explained
Growth Business
FEBRUARY 29, 2024
This would typically be set at the notional market value at the time the CLNs are created, or the actual value if the issuer’s shares are publicly traded. This article was originally published on 15 July 2009 by Hunter Ruthven. If this market value has fallen then it is likely that he will wish to redeem their loan for cash.
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