Mandatory Convertibles Cover Image

Mandatory Convertibles
Mandatory Convertibles

Author(s): Luděk Benada
Subject(s): Business Economy / Management, Financial Markets
Published by: Masarykova univerzita
Keywords: bond; coupon; equity; pay-off profile; share; underlying asset;
Summary/Abstract: The following article presents Mandatory Convertibles as an instrument of hybrid financing. The paper describes its genesis, characteristics and advantages over traditional financing instruments. There are graphically depicted different pay-off profiles and decomposition, which is important for the valuation of the product.

  • Page Range: 5-9
  • Page Count: 5
  • Publication Year: 2010
  • Language: English