| 词汇 | convertible-bond |
| 释义 | convertible bond noun[ C ] ukus FINANCE, STOCK MARKET a bond that can be exchanged for ordinary shares: The group may have to seek additional future funding by issuing convertible bonds. Examples of convertible bondconvertible bond An exchangeable bond is different from a convertiblebond. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A convertiblebond gives the holder the option to convert bond into shares of the issuer. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These bonds retain all features of a convertiblebond, making them very attractive to both the investors and the issuers. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In addition, due to its debt nature, a contingent convertiblebond constitutes a tax shield, before conversion. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. With a convertiblebond, dilution of the voting rights of existing shareholders only happens on eventual conversion of the bond. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In particular, the equity option embedded in the convertiblebond may be a source of cheap volatility, which convertible arbitrageurs can then exploit. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. They provide asset protection, because the value of the convertiblebond will only fall to the value of the bond floor. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The stock-option component of a convertiblebond has a calculable value in itself. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In theory, when a stock declines, the associated convertiblebond will decline less, because it is protected by its value as a fixed-income instrument: it pays interest periodically. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Traditionally, one of the ways to do this was to issue a convertiblebond, that is, debt that under certain circumstances could be converted to equity. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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