Bonds that pay a fixed rate of interest and are convertible to common stock if the stock reaches a certain price known as the "conversion price." They offer regular fixed income -- although usually less than bonds issued by the same company -- and appreciation potential if the company is growing, but not as much as the company`s common stock.
A bond that may be exchanged by the owner, usually for common stock of the same company.
Seeking to raise capital in the U.S. can issue these equity-linked debt securities, which can be converted into common stock or Depositary Receipts (ADRs or GDRs). We assist companies issuing convertible bonds by providing account administration and documentation review for global, public and private placement (including 144A) transactions.
Convertible bonds carry the provision that within a stipulated time period, the bond may be converted into a certain number of shares of the issuing corporation's common stock at a prestated price.
A corporate bond that can be exchanged, at the option of the holder, for a specific number of the company's common or preferred shares.
Bonds that can be exchanged for common stock or other securities of the corporation.
Bonds that can be converted into common stock at the option of the holder.
Bonds exchangeable for stock. Convertible bonds commonly offer greater potential for appreciation in value if stock prices rise.
Bonds that can be traded for, or converted to, other securities after a specified period of time.
Bonds that at the option of the holder are convertible into other securities of the corporation. Such bonds are convertible at a certain price or share ratio into preferred or common stock
Bonds that may be converted by the holder into stock of the corporation within a specified period and price.