Oh, if the topic sounds like gobbledygook, dont worry. It simply means bonds that are issued privately among select investors as opposed to bonds that are issued publicly like the recent tax free. Debentures are fancy word for bonds and non convertible means that they can not be converted to shares at a later date. Why call them non convertible? beats me but that’s how we call it and as we love jargon’s we keep inventing new ones.
A small note on the topic for which i contributed in Economic Time recently published.
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