Paladin Shares Drop Drastically

SMH reported Paladin Energy (ASX:PDN) shares fell six percent.

As quoted in the market news:

The bonds were issued on a five-year term at an interest rate of 6 per cent and can be converted into Paladin shares worth $2.13 – a 25 per cent premium to Paladin’s share price on Monday, before the issue took place.

Click here to read the full SMH report.