6% interest while you hold the bond, then if the stock price exceeds 28.08 or whatever the # was, you short the stock at 28.08, collect short interest on that, plus the coupon until maturity, win/win!
I could only find one AMD bond at IB. It's CUSIP 007903AF4, issued 20021125, having a maturity date of 20071201, and a coupon of 4.5. It is a convertible and the underlying collateral is a senior note.