DebenturesThey were convertible at $1.86 paying 5.5% interest.Currently trading at $50. That's half the level they were issued at. And that would bring the yield at 11%- btw that's what Citigroup has to pay to the arabs for the cash infusion they've got this week.
I have a hard time trying to figure out how much CCU is worth right now. Based on the debentures, the share price should be 94 cents.