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.

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Example Sentences

And bankers will advise clients on raising early stage equity, preferred stock and convertible bonds.

From The Wall Street Journal

Some relied on convertible bonds, which offer lower interest rates while giving lenders the option to be repaid in shares instead of cash.

From Barron's

Strategy, the largest corporate Bitcoin holder, has financed its purchases of Bitcoin, now totaling about 650,000 coins worth about $60 billion, with a mix of equity sales, preferred stock and convertible bond.

From Barron's

Then, if the convertible bonds convert into equity, Ramaco can use proceeds from the capped call to offset dilution.

From Barron's

What is unusual is that convertible bonds are beating the stock market, too.

From Barron's