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What Does Partially Convertible Debenture – PCD Mean?

April 26, 2017convertible debenture Education glossary Investment mean pcd

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What Does Partially Convertible Debenture – PCD Mean?

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A type of convertible debenture, part of which will be redeemed by the issuing company after a specified period of time and part of which is convertible into equity or preference shares at the end of the specified period. The ratio of conversion for the partially convertible debenture is decided by the issuer when the debenture is issued.