These are hybrid securities that make it possible for bondholders to convert their bonds into a specified number of shares of the issuer's common stock. This conversion feature presents possibilities for capital gains, hence making these bonds more appealing in growing companies.
These are hybrid securities that make it possible for bondholders to convert their bonds into a specified number of shares of the issuer's common stock. This conversion feature presents possibilities for capital gains, hence making these bonds more appealing in growing companies.