American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

interest at HIGH rate I think!!!!!!

[Jimmy713]

The Debentures will bear interest at a rate of 6.00% per annum and will be payable semi-annually on June 30 and December 31 until maturity on December 31, 2026, with the first payment commencing on June 30, 2022. 


Why is that?

[Investorguy123]

calm down! AHIP intends to use the net proceeds from the Offering, together with cash on hand, to fund the intended redemption of the Company’s outstanding convertible unsecured subordinated debentures due on June 30, 2022, with an aggregate principal amount outstanding of US$48,875,000, trading on the TSX under the trading symbol “HOT.DB.U” (the “2022 Debentures”). Any additional net proceeds

[CashCow23]

The 2022 debt is at 5% interest while this new financing is at 6%. Not the best news.