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Bond Value

The value of the “straight” fixed income element of the convertible alone, without consideration to the value of the convertible’s...

Reverse Convertible

A convertible that is associated with an embedded put option, giving the issuer the right to put it (i.e., sell...

Nominal Value of a Convertible Bond

The unit size of a convertible bond. It is amount for which a bond can be redeemed at maturity. It...

Deferred Equity Security

A type of equity security that comes in the form of preferred shares or convertible bonds that can be exchanged...

Deferred Equity

A type of equity that comes in the form of preferred shares or convertible bonds that can be exchanged at...

Par

The face value (par value) of a bond or a similar debt security that is used to figure out the...

Nominal Gearing

The price of the underlying of a warrant divided by the price of the warrant. More specifically, it is the...

Face Value

The amount that indicates the worth of an instrument, security, investment, account, etc. For example, the face value of a...

Par Value

The stated value of an investment/ instrument/ security. It refers to the fixed monetary value of stocks, bonds, investments, and...

Parity Value

The market value of the shares of common stock into which a convertible can be exchanged. This value is equal...