Search results
Results from the WOW.Com Content Network
A convertible security is a financial instrument whose holder has the right to convert it into another security of the same issuer. Most convertible securities are convertible bonds or preferred stocks that pay regular interest and can be converted into shares of the issuer's common stock.
The simultaneous purchase of convertible bonds and the short sale of the same issuer's common stock is a hedge fund strategy known as convertible arbitrage. The motivation for such a strategy is that the equity option embedded in a convertible bond is a source of cheap volatility , which can be exploited by convertible arbitrageurs.
For premium support please call: 800-290-4726 more ways to reach us
The company announced that it intends to float an issue of convertible senior notes in a private offering to qualified institutional buyers. Up to $1 billion in principal amount will be.
Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like SOFR or federal funds rate, plus a quoted spread (also known as quoted margin). The spread is a rate that remains constant.
Take-Two Interactive is looking to expand its capital base by $250 million. This comes in the form of an issue of five-year convertible senior notes in an underwritten public flotation.
Capital notes are a form of convertible security exercisable into shares.They are equity vehicles. Capital notes are similar to warrants, except that they often do not have an expiration date or an exercise price (hence, the entire consideration the company expects to receive, for its future issue of shares, is paid when the capital note is issued).
Barely two days after reporting a strong quarter, Qihoo 360 is making a move to expand its capital base. The company announced it will float a new convertible senior notes offering. The issue will ...