BJCORP or BJCORP-LC better??

BJCORP-LC have 2 type of conversion, of course the 2nd option (+0.50) is cheaper.

BJCORP - RM 1.08
BJCORP-LC - RM 0.65

Details as belows:


Listing Information & Profile
Reference No BC-100312-61026

Company Name
:
BERJAYA CORPORATION BERHAD
Stock Name
:
BJCORP-LC
Date Announced
:
16/03/2010


Instrument Type
:
Loan Stocks
Description
:

0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015 of RM0.50 nominal amount each ("ICULS").
Listing Date
:
03/01/2006
Issue Date
:
31/10/2005
Issue/ Ask Price
:
MYR 0.5000
Issue Size Indicator
:
Unit
Issue Size in Unit
:
9,794,902,878
Maturity Date
:
30/10/2015
Revised Maturity Date
:

Exercise/ Conversion Period
:
10.00 Year(s)
Revised Exercise/ Conversion Period
:

Exercise/ Conversion Ratio
:
2 ICULS for every 1 share or 1 ICULS + RM0.50 cash for every 1 share.
Mode of satisfaction of Exercise/ Conversion price
:
i) Two (2) ICULS for every One (1) ordinary share; or
ii) One (1) ICULS plus RM0.50 cash for every One (1) ordinary share.
Settlement Type/ Convertible Into
:
Physical (Shares)
Exercise/ Strike/ Conversion Price
:
MYR 1.0000

Remarks :
The outstanding ICULS as at 10 March 2010 is 1,033,998,827 units of RM0.50 nominal amount each.