convertible bond

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Related to Convertible Debts: Convertible Debentures
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Noun1.convertible bond - a bond that can be converted to other securities under certain conditions
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
References in periodicals archive ?
AES has the option to pay down other higher coupon senior unsecured, subordinated, or trust preferred convertible debts ahead of the junior secured notes.