Filter by Categories
Accounting
Banking

Finance




Resettable Convertible


A convertible which allows the holder to adjust the coupon, conversion ratio, conversion price, or maturity date of the underlying security if a specific event (s) occurs. For example, if the underlying stock price drops below a certain level, the bondholder can enhance the bond value by increasing the conversion ratio or the coupon amount. Reset features are usually offered by speculative-grade issuers as “sweeteners” in order to attract buyers.



ABC
Finance, as a field of knowledge, is substantially wide-ranging and virtually encompasses everything in the realm of corporate finance, financial management, ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*