Defence convertible bonds
8 defence financings of this type since 2015. Convertible and exchangeable notes.
Randeep Bubbra | Lawyer | Making defence financeable
8Financings on file
US$4.5bnFunded volume (US$ eq.)
7Issuers and borrowers
US$1.1bnLargest financing
Largest financing
BWX Technologies US$1,100m convertible senior notes due 2030, 10 Nov 2025.
Financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 10 Nov 2025 | BWX Technologies US$1,100m convertible senior notes due 2030 | Convertible | US$1.1bn |
| 3 Jul 2025 | AeroVironment US$747.5m 0% convertible senior notes due 2030 | Convertible | US$747.5m |
| 19 Dec 2024 | BigBear.ai US$182.5m 6.00% convertible senior secured notes due 2029 | Convertible | US$182.5m |
| 27 Feb 2024 | Parsons US$700m 2.625% convertible senior notes due 2029 | Convertible | US$700m |
| 31 Jan 2023 | Rheinmetall €1bn convertible bonds (2028 and 2030 series) | Convertible | €1bn |
| 31 Oct 2022 | Ondas Holdings US$34m convertible senior notes | Convertible | US$34.5m |
| 20 Aug 2020 | Parsons US$350m 0.25% convertible senior notes due 2025 | Convertible | US$350m |
| 9 Dec 2016 | Aerojet Rocketdyne US$300m 2.25% convertible senior notes due 2023 | Convertible | US$300m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.