convertible bond


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Related to convertible bond: Callable bond
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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
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References in periodicals archive ?
"The new USD125 million convertible bond enables Petropavlovsk to maintain an optimal capital structure by refinancing the existing short-term USD100m convertible bond with a coupon of 9%, using a long-dated instrument and at a lower cost."
BANKING AND CREDIT NEWS-March 7, 2019--AXA IM names head for convertible bonds
Martin Haycock, senior partner - Convertible Bonds, at Fisch Asset Management, said: "Middle East convertibles have undergone a decade of evolution since the $3.5 billion pre-IPO sukuk into DP World launched the GCC convertible bond market in January 2006.
In recent times, with such low interest rates, the benefit of a lower coupon may not be so valuable for convertible bonds. However, if this secular trend of lower interest rate changes, then we expect to see more convertible bond issuance.
We also have a perception that the investment bankers/ advisors to the treasurers in this region put less emphasis on more complex structures such as convertible bonds.
The sale of the vessels and the convertible bond issuance are part of a restructuring process set out late last year with the aim to keep the company afloat.
This paper uses a Least-Squares Randomized Quasi-Monte Carlo (LSRQM) method, which combines the LSM approach with RQMC method, to price the convertible bond.
We introduce some key characteristics of a convertible bond and present some properties of BSDEs, as well as reflected BSDEs, and the Malliavin calculus in Section 2.
We argue that these three ingredients may be particularly relevant in the context of convertible bond offerings due to the unique cash flow patterns, investor profiles, and issuer characteristics of these securities.
Costin New Materials Group Limited (HK: 2228), a company that deals with the research and development, production and sales of non-woven materials and recycled chemical fibres, has completed the issue of a USD30m convertible bond to CITIC Capital China Access Fund Limited, an investment fund managed by a subsidiary of CITIC Capital Holdings Limited.
(ADPnews) - Mar 8, 2011 - Austrian real estate company Immofinanz (WBAG:IIA) said today it has repurchased parts of convertible bonds for a total of EUR 466.4 million (USD 647.1m), including accrued interest.
Target: KBC's Global Convertible Bond; KBC's Asian Equity Derivatives