Convertible Bonds: An Issuer’s Guide (2025)
By EsqSocial Corporation 09/04/25
Introduction - Convertible bonds are, customarily, fixed rate debt instruments issued by a company (the “issuer”), the terms of which allow the holders of the bonds to convert them into ordinary shares (common stock) of the company at a prescribed conversion price and during a prescribed conversion period. Convertible bonds may be seen as a combination of two separate financial instruments – namely: - a fixed rate bond, and - an embedded equity call option. This combination of features...
By: Mayer Brown