convertible bond

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

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

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

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It holds convertible bonds that can be converted into an equity stake of up to 15% in Kioxia and its approval was one of the preconditions for the merger.

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As part of the restructuring terms, a portion of its debt would be exchanged into convertible bonds backed by its Hong Kong-listed shares along with new notes with maturities of between two and nine years.

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At the time, these companies sporting high equity valuations and low bond coupons issued low to no coupon convertible bonds.

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