How To Use Convertible bond In A Sentence
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At last, the author issues and sums up the problem need more research about convertible bond.
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Tomson will issue zero-coupon convertible bonds to raise US $50 million, through Deutsche Bank.
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His results, however, are specific model dependent and constitute a test of the particular model employed rather than a test of the pricing behaviour of convertible bonds.
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The assurance of payment of inconvertible bonds shall comply with the provisions of Article 24 of this Decree.
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It said that the proceeds from the five-year convertible bond would be used to pursue acquisition opportunities.
Times, Sunday Times
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The one-time gain reflected a drop in financing costs after the conversion of 836 million francs in convertible bonds.
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We find the issue announcement of convertible bond cause the stock price to drop by 1.1 %.
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As we mentioned earlier convertible bonds are rather complex securities for a few reasons.
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At last, the author issues and sums up the problem need more research about convertible bond.
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It said that the proceeds from the five-year convertible bond would be used to pursue acquisition opportunities.
Times, Sunday Times
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The evidence provided in this paper suggests an underpricing of convertible bonds to the extent that negative conversion option prices are often implied.
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The company cut its financing costs by 63 million francs, by converting 836 million francs of convertible bonds to equity.
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Like all convertible bonds, CoCos can be swapped for equity if the share price reaches a certain target.
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Sometimes, there are very attractive companies that don't have straight high-yield bonds but they do have convertible bonds.
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Convertible bonds are cheaper for the company to sell than traditional debt because investors accept lower coupons in return for the option to switch into stocks.
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In an unlucky coincidence today it outlined a rescue issue of convertible bonds and warrants.
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This complication is circumvented by using the matrix approach described earlier to obtain a first crude estimate of the price of the equivalent nonconvertible bond.
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Thus issues of a convertible bond may amount to a deferred stock issue.
Principles of Corporate Finance
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This equivalent nonconvertible bond price is then compared to the convertible bond price.
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The convertible bond will be listed in Paris.
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Furthermore, some of the violations documented in this case can also be the result of nonsynchronous trading between the convertible bond and the underlying stock.
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Thus issues of a convertible bond may amount to a deferred stock issue.
Principles of Corporate Finance
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It also intends to issue a convertible bond to raise more cash to put towards paying off debts of around euro60 billion.
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Attracted by the opportunity for arbitrage with the stock market, hedge funds have also been big buyers of convertible bonds.
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Since all the convertible bonds in our sample are also callable, noncallable corporate bonds were excluded from the sample.
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Convertible bonds can be seen as a portfolio of five positions:bond, conversion option, redemption option, call option, and conversion price correction option.
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The Tokyo Stock Exchange will relax its rules on issuing convertible bonds to prevent the hollowing out of the domestic market, a press report said yesterday.
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Can they afford the interest payments on its convertible bonds?
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This strategy tries to exploit the relative prices of the convertible bond and the stock: the arbitrageur of this strategy would think the bond is a little cheap and the stock is a little expensive.
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The remainder is invested into common and preferred stock, and cash and convertible bonds, which can be transformed into equity at an investor's discretion.
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Attracted by the opportunity for arbitrage with the stock market, hedge funds have also been big buyers of convertible bonds.
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Investors favor convertible bonds when stocks are falling because they combine the protection offered by a bond and the potential to profit if the underlying shares rally.
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About the listing mode, many types could be defined like Direct Public Offering, Go Public through Buying a Shell, Depository Receipt, Convertible Bonds and Private Placement etc.
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Thus, the number of convertible bond prices that can be examined is limited to the availability of nonconvertible corporate bonds in the same cell the convertible bond belongs in.
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The convertible bond is a hybrid security that combines straight bond characteristics with a conversion feature.
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Convertible preferreds work in the same way as convertible bonds.
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Thus issues of a convertible bond may amount to a deferred stock issue.
Principles of Corporate Finance
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This chart shows the performance of a convertible bond as the stock price rises.
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This may involve convertible bonds being offered to all shareholders.
Times, Sunday Times
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Japan's Elpida Memory Inc. said this month it will issue 60 billion yen (about $738 million) in convertible bonds partly to finance its capital outlays for its dynamic random access memory chip facilities.
Convertible Bonds Find Favor in Asia
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Since even hedge funds struggle to make decent returns in this market, they are driven further into risky new investments, such as arbitraging the statistical differences between one convertible bond and another.
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Those enterprises that have managed to maintain good investment-grade credit ratings may be able to raise capital by selling convertible bonds.
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Techtronic raised US $140 million with a zero-coupon convertible bond in June.
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Restructuring the existing convertible bonds allows the Educomp to push out redemption date and offer near-term succor to its weakening balance sheet.
Educomp to Recast Foreign Convertible Bonds
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However, as the convertible bond and the stock can move independently, the arbitrageur can lose on both the bond and the stock, which means the position carries risk.
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Advice: Buy a multisector bond fund that has a large portion of its portfolio in convertible bonds.
How To Play Rising Rates
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Nintendo, a video-games maker, pulled its issue of convertible bonds.
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‘I would never have thought of convertible bonds on my own,’ he says.
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As of June 30, the fund had 24% of its assets in convertible bonds.
How To Play Rising Rates
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Nakheel has a $3. 5bn convertible sukuk - essentially a convertible bond whose terms adhere to Islamic lending practices - that will reach maturity on December 14.
Housing Wire
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The approach, which makes an assumption about the functional form of the yield premium, drastically increases the number of convertible bonds examined.
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This may involve convertible bonds being offered to all shareholders.
Times, Sunday Times
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Hedge funds are now reckoned to hold some 75% of all quoted convertible bonds.
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So the convertible bond should be classified as a liability.
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Since all the convertible bonds in our sample are also callable, noncallable corporate bonds were excluded from the sample.
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Additional agreements surrounding the terms of outstanding convertible bonds will leave more than half the company owned by bondholders.
Times, Sunday Times
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This allows us to get a first yield spread estimate and, thus, a first price estimate of the equivalent nonconvertible bond for a greater number of convertible bonds.
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The market for convertible bonds in particular has picked up steam as companies rush to raise funds while global interest rates remain low.
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Verizon Communications issued a $3 billion zero-coupon convertible bond.
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It also plans to raise up to € 250 million in convertible bonds.
Greece's Piraeus Bank Plans to Raise
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The optimal call policy for convertible bond not only can point out the optimal occasion for firms' calling, but also is a premise to convertible bond pricing.
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Shares in AU Optronics fell Friday on concerns about dilution from the convertible bond issue.
AU Optronics Warns on Earnings
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The refinancing of listed companies or seasoned equity offerings are comprised of rights offering, additional share issuing, convertible bonds and equity warrant bond which was introduced in 2006.
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On the current reality of China's securities market, Convertible bond pricing research has important theoretical and highly practical significance.
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It buys the convertible bonds of a company and shorts the underlying stock.
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Convertible bond pricing issues related to a variety of complex factors, have characteristics of uncertainty, nonlinear and exotic.
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So the convertible bond should be classified as a liability.
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Unlike with regular bonds, however, you can exchange your convertible bond for stock in the company at a certain price.
