Assertion: bondholder | /r/CapableOf | give up the bond
Facets:
value: effectively
type: MANNER
value: for equity
type: PURPOSE
Source sentences:
text: The convertible if converted will be self liquidating; by converting, the bondholder is effectively giving up the bond for equity and the company does not need to find money for redemption of the bond (however, if the share price goes down below the conversion price, the company will have to redeem the bond).