Quotes About Debentures

International Match debentures were quoted at $129, a high level for a security that would repay just $100 in eighteen years. The price was so high because of the conversion right. According to Berning "practically all debenture holders" had converted into common shares.15

An offering of New Housing issues in July 1971 yielded as high as 5.8%, free from both Federal and state taxes, while an issue of (taxable) New Community debentures sold in September

Secured debentures of the non-convertible variety were the rage in the mid-1980s, but their glamour ended on their maturity when it became obvious that there was nothing secured about them.