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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (93415)2/11/2000 6:31:00 PM
From: Jan Crawley  Respond to of 164684
 
siliconinvestor.com Junk Bonds-Amazon.com leads over $1.7 bln sales
In my nut shell re-the above:

1. Amzn sold 681M convertible bond yesterday.
2. 6.875% coupon rate with a 36% conversion premium.
3. If Thursday's closing price($76 3/16) is used as the base then the conversion price is set at $103.5.
4. However, Amzn will "Lower the conversion premium" if the stock price does not do well in the next couple of years.



To: Libbyt who wrote (93415)2/11/2000 6:31:00 PM
From: 16yearcycle  Read Replies (1) | Respond to of 164684
 
Thanks for your thoughtful response, libbyt. I've decided that it is impossible to know who will win so I am slowly adding bvsn, arba, vert, cmrc, allr, sebl and vign. Some are "typical" b to b and some aren't and we'll see who wins. Perhaps there will be enough to go around for everyone.

Gene


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