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convertible bond

American  

noun

  1. a bond that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder's option.


Example Sentences

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In 2024, Strategy became one of the largest global convertible bond issuers, raising more than $6.2 billion in a single year to fund its bitcoin buying spree.

From The Wall Street Journal Jun. 30, 2026

EchoStar’s equity market value now is roughly $39 billion assuming conversion into stock of a convertible bond deal.

From Barron's Jun. 12, 2026

Senate confirmation hearing that Cantor's investment in Tether is in the form of a convertible bond.

From Salon Feb. 6, 2025

Compared to the 6% yield paid by its regular bond, convertible bond investors get less, with current pricing implying a yield of around 2.5%.

From Reuters Mar. 31, 2023

Just what emotion, for example, is appropriate in the presence of the four and a half per cent convertible bond of the Chesapeake and Ohio Railway Co.?

From The Value of Money by Benjamin M. Anderson

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