Back to basics

What are convertibles?

As with other bonds convertibles typically pay coupons and carry the promise of cash redemption at maturity. A convertible differs from straight debt in that the holder has the right to exchange the bond, usually at any time, for a certain number of the issuing company's ordinary shares, without any extra payment.

Call features are commonplace in European convertibles. They typically permit the issuer to issue a call notice if the company's share price reaches some prede

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: