"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
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