英文财经词汇

Convertible Bond

2018-05-02 17:30:41  浏览:113  来源:投融网

英文名称:Convertible Bond 中文名称:可转换债券
债券持有人在特定的时间内可以根据债券发行时约定的条件以一定的转化比率将债券转化为公司股票的债券。可转换债券兼具债券和股票的特征,在一定的存续期内,以债券形式投资,在行使转换权后,又以普通股形式投资。其实质就是在发行公司债券的基础上,附加了允许债券持有人以特定条件将其购买的债券转换为公司股票的期权。由于附有投资者选择权,可转换债券的票面利率通常较低。eb1619e81e59668d2db8098284f6daa5
e.g. She urged investors to be on the alert to investment in newly issued convertible bonds.
A bond that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder. 

Convertibles are sometimes called "CVs".
Issuing convertible bonds is one way for a company to minimize negative investor interpretation of its corporate actions. For example, if an already public company chooses to issue stock, the market usually interprets this as a sign that the company's share price is somewhat overvalued. To avoid this negative impression, the company may choose to issue convertible bonds, which bondholders will likely convert to equity anyway should the company continue to do well.

From the investor's perspective, a convertible bond has a value-added component built into it; it is essentially a bond with a stock option hidden inside. Thus, it tends to offer a lower rate of return in exchange for the value of the option to trade the bond into stock.




深圳投融网商务有限公司是一家专注企业投融资与上市服务的专业机构。公司团队来自国内外的投行精英,具备丰富的国内外的投资银行从业经验,拥有丰富的金融、财务、管理、审计、法律等专业知识与上市辅导经验。

投融网(www.ipo.hk)创建于2011年,拥有300万+俱乐部成员,涵盖银行、券商、信托、政府平台公司、上市公司、拟上市公司、融资租赁公司、商业保理公司、公募基金、私募基金、风险投资机构、天使投资机构、律师事务所、会计师事务所、评估机构、新闻媒体、高净值个人投资者等。秉承链接、赋能、共赢的经营理念,构建了高效的投融资与上市服务生态圈。

欢迎各类机构洽谈合作。

邮箱:service@ipo.hk
电话:0755-33572246



发表评论
0评