Post by
15Stanmore on Nov 20, 2020 11:26am
BTB.DB.H debentures
The new 2025 7% convertible debenture is pennies away from being "in the money" at its $3.65 conversion option. A great way to participate in BTB upside while enjoying a 7% interest stream for the next 5 years, especially tucked inside a TFSA or RRSP.
Still trading at a discount to its par value - today at $98.90.
As soon at the BTB units trade above $3.65 these debentures will move in lockstep due to conversion arbitrage.
Get them at a discount while you can would be my unsolicited advice.
Comment by
EstevanOutsider on Nov 23, 2020 12:13pm
Great advice. Nice to see the debentures at a premium now ($101) I quadrupled my position since the pandemic after the past few quarters, now I am also green and up 8%.