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

To: Yojimbo who wrote (37479)1/28/1999 5:46:00 PM
From: Alomex  Respond to of 164684
 
Amazon.com, Inc. (Nasdaq: AMZN - news) today announced that it has increased the size of its private offering of Convertible Subordinated Notes (the ''Notes'') from $500 million to approximately $1.25 billion aggregate principal amount of 4.75% Convertible Subordinated due 2009.



To: Yojimbo who wrote (37479)1/28/1999 7:19:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
<iIce/Glenn - AMZN CVT TERMS


Yojimbo,

Thank you very much for explaining. I really had no clue. I have one question still maybe I am dense.

"Demand for the offering will determine where the coupon is. At 5% on $500mm that's
$25mm/yr, cash not paid-in-kind (i.e., more paper for walls)."

Is this paper stock? I am missing how the bond owner receives the interest during the term.

Glenn


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