BNET Business Dictionary
Business Definition for: Convertible Bond
- a bond that the owner can convert into another asset, especially common stock
Additional Resources
- CapitaLand launches key convertible bond.
- Mar 25, 2002 The Asian Wall Street Journal ABIX via COMTEX -- A convertible bond issue was released by CapitaLand on 21 March 2002. The Singapore-based real estate developer decided that a convertible bond issue was a less expensive means of undertaking a significant...
- Research articles 2002-03-25
- Hilton checks in to [pounds sterling]300m convertible bond issue.
- UK hotels and gaming company Hilton Group has announced that it had successfully sold a [pounds sterling]300m ([euro]435m) convertible bond issue. The bonds will be convertible into about 115 million shares, around 8% of the group's equity.A Hilton s UK hotels and gaming company Hilton Group...
- Research articles 2003-09-03
- Reuters Announces Enhanced Convertible Bond Data
- LONDON -- Reuters, (LSE:RTR) the global information company, today announced enhancements to its convertible bond data. The comprehensive data is now available on Reuters 3000 Xtra and Reuters DataScope following an extensive programme carried out in conjunction with leading convertible bond market specialist, MACE Advisers. This announcement marks another step...
- Research articles 2005-04-04
- CWB Illustrates How Convertible Bond ETFs Can Be a Powerful Portfolio Addition
- Bill Luby submits: I have never been a particularly big fan of convertible bonds, but from time to time, these investments can make a good deal of sense. Launched four months ago (and still qualifying as “new” according to my warped ETF chronograph), the SPDR Barclays...
- External links 2009-08-18
- Credit Suisse issues a convertible bond.
- Credit Suisse Group Tuesday launched a SFr1bn ([euro]678.4m) convertible bond, joining a growing group of European companies that are turning to this type of financial instrument to prop up their balance sheets.Despite the move to secure new funds, t Credit Suisse Group Tuesday launched a SFr1bn...
- Research articles 2002-11-27
- U.S. Bancorp Piper Jaffray Adds Convertible Bond Team
- Business Editors MINNEAPOLIS--BUSINESS WIRE--June 23, 2000 U.S. Bancorp Piper Jaffray has hired a convertible bond team to launch its new Convertible Bond department within the Equity Trading department of its Equity Capital Markets division. The team includes F. Edward O'Rourke, Claude DeSouza-Lawrence and Alok Reejhsinghani - all formerly...
- Research articles 2000-06-23
- Merrill wins Carnival convertible bond mandate.
- Byline: Shanny Basar Merrill Lynch is to be the sole bookrunner of a $500m ([euro]456m) convertible bond from Carnival Corporation, despite being joint corporate broker to the US cruise operator with UBS Warburg.Both banks were advisors on its takeover of UK competitor P&O Princess...
- Research articles 2003-04-23
- Andy McDonnell Appointed Global Head of Convertible Bond Trading at Deutsche Bank
- NEW YORK & LONDON -- Deutsche Bank today announced that Andy McDonnell has been appointed Global Head of Convertible Bond Trading within its Global Markets division. McDonnell is based in London and reports to Boaz Weinstein, Managing Director and Head of Global Credit Trading in the US and Europe.
- Research articles 2006-06-08
- Britain's Bioglan Develops Convertible Bond Issue.
- By Sylvia Pfeifer, Sunday Business, London Knight Ridder/Tribune Business News Sep. 2--Bioglan is working on a convertible bond issue as part of a fund-raising package to pay for its $720 million acquisition of Bristol-Myers Squibb's skincare business. The biotech company, which...
- Research articles 2001-09-02
- SubMicron Systems Corporation announces the expiration of convertible bond exchange offer
- ALLENTOWN, Pa--BUSINESS WIRE--Oct. 1, 1996--SubMicron Systems Corporation (Nasdaq:SUBM) announced today that the current convertible bond exchange offer has expired without consummation. SubMicron Systems Corporation is a leading supplier of advanced wafer processing equipment to the semiconductor and other related industries. The Company has world-wide operations consisting...
- Research articles 1996-10-01
- Merrill sells convertible bond as Man Group's profits surge.
- Byline: Alistair Graham and Shanny Basar Half-year profits at Man Group, the world's largest hedge fund manager, have jumped 36% to pound sterling138m ([euro]216m) as the company re-opened the European convertible bond market with a pound sterling350m issue.The firm's asset management profits rose 41%...
- Research articles 2002-11-07
- Friends Provident launches [pounds sterling]180m convertible bond.
- Byline: Yasmine Chinwala Friends Provident is the latest life insurance firm to raise money to strengthen its balance sheet and finance growth with the launch of a pound sterling180m ([euro]282m) convertible bond.Merrill Lynch is the sole bookrunner and lead manager on the deal. Cazenove...
- Research articles 2002-12-05
- Convertible bond issue dents shares in Friends.
- Shares in Friends Provident were the worst performers in the FTSE 100 Thursday after the life assurer bolstered its balance sheet with a pound sterling245m ([euro]384m) convertible bond issue.Friends, which demutualised and floated last year, suffered two credit rating downgrades this week. Moody's cut its rating...
- Research articles 2002-12-06
- SPDR Convertible Bond ETF: Beats the Market, But Gets No Respect
- Gary Gordon submits: I track portfolios using software on my computer network and I use web-based applications. I even use simple tools like Yahoo Finance for instantaneous access to data. Yet Yahoo Finance has an inexplicable quirk when it comes to the SPDR Barclays Capital Convertible...
- External links 2009-11-05
- Update on Liberty Global After Convertible Bond Issues
- Jessica Johnson submits: LBTYA After Friday's announcement of the issuance of a new Convertible Bond by Liberty Global, it is interesting to note the depth of the stock borrow availability. As of c.o.b on the 12th Nov, our figures show there to be 23.07m shares available to borrow for...
- External links 2009-11-15
- Perpetual Convertible Bonds
- At each subsequent time, a convertible bondholder must decide whether to continue to hold the bond, thereby collecting coupons, or to convert it to stock. The firm might call the bond at any time. Because calls and conversions often occur far from maturity, it is reasonable to model this situation...
- White papers
- Swiss biotech company launches convertible.
- Serono, Europe's largest biotechnology company, took advantage of its buoyant share price to launch its first bond Monday, a SFr600m ($437m) convertible issue.It is the second convertible bond from a biotech company in recent weeks following an issue Serono, Europe's largest biotechnology company, took advantage ...
- Research articles 2003-11-11
- Convertible Security
- This document explains the term Convertibles, sometimes called CVs, are referring to either a convertible bond or a preferred stock convertible. A convertible bond is a bond which can be converted into the company's common stock. Convertibles typically offer a lower yield than a regular bond because there is the...
- White papers
- Pricing of Convertible Bonds With Hard Call Features
- This paper discusses the development of a valuation model for convertible bonds with hard call features. It defines a hard call feature as the possibility for the issuer to redeem a convertible bond before maturity by paying the call price to the bondholder. It uses the binomial approach to model...
- White papers 2003-03-12
- Convertible Bonds
- A convertible bond is a bond that gives the holder the right to convert or exchange the par amount of the bond for common shares of the issuer at some fixed ratio during a particular period. As bonds, they have some characteristics of fixed income securities. Their conversion feature also...
- White papers
