Do convertible loans have to be integer multiples of a debt security?

Yes. The acquisition of equity or shares cannot be partial, so you can only convert outstanding capital corresponding to a whole multiple of the share value.  

For example, in the case of the Biovilla project, if the investor has loaned 2.200€ to the promoter, the investor can convert 2.000€ of the invested capital into 4 Biovilla shares, at the price of 500€ each. The investor will then become a shareholder of the cooperative, holding 2.000€ of its capital. The remaining 200€ will continue to be considered as outstanding capital, to be repaid according to the payment plan previously stipulated in the, initially signed, loan agreement. 

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Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.