What is 'Optionally Convertible Debentures' ?
Definition:
Optionally convertible debentures are debt securities which allow an issuer to raise capital and in return the issuer pays interest to the investor till the maturity.
Description:
The investor of such debentures has a right to convert the debt into equities of the issuing company at a price which is normally decided at the time of the issue.
Credit : EconomicTimes