Investors

DEBENTURES

Optionally Convertible Debentures (OCDs) are a type of financial instrument that companies use to raise capital

Initially, OCDs function as debt securities, meaning the company pays interest to the investor until maturity

EQUITY

Investors have the option to convert these debentures into equity shares of the issuing company at a predetermined price.

This price can be set at the time of issuance or at the time of conversion