Convertible bond - Wikipedia, the free encyclopedia:
"In finance, a convertible bond or convertible note (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering.[1] Convertible bonds are most often issued by companies with a low credit rating and high growth potential."
'via Blog this'
Posts
No comments:
Post a Comment