I own a small amount of 253651AC7 (Diebold Nixdork 8.5% 2024). These were purchased at around 74.00. They quickly shot up in value to 88.00. Today I looked and it was at 40.00.
I started researching and I found that Diebold Nixdorf is offering an exchange.
It seems like they are offering to exchange your current bonds for a new bond due in 2026 and they have the option to repay in other securities rather than cash? I have never seen thos before and am kind of curious as to what this is and if I should accept an exchange.
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