Carnival Corp is allowing $2bn in convertible notes to be turned into stock in the third quarter without any conditions after committing a chronological error back in April.
On 6 April, Carnival offered $1.95bn in senior notes due in 2023 that could be converted into shares after "any calendar quarter ending May 31, 2020" in which the stock price is at least 30% higher than the conversion price for no less than 20 out of 30 consecutive trading days.
