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Japanese Warrant

A warrant that belongs to the category of more than 1,700 issuers. It is a class of American-style call options...

Joint-and-Several Bond

A bond that is payable to several creditors, unconnected in interest or by judgment. In other words, such a bond...

Flip Bond

A bond that pays a coupon below market floating rate but allows the issuer, thanks to an embedded Bermudan swaption,...

All-In Price

The all-inclusive price of a bond. That is, the market price of a bond or a similar fixed-income security in...

All-In Dividend

The amount of the manufactured dividend plus the fee the borrower will pay to the securities lender, expressed as a...

Hung Convertible

A convertible bond or preferred stock issue whose issuer cannot convert it by force either because it is selling below...

Frozen Convertible

A convertible bond or preferred stock issue whose issuer cannot convert it by force either because it is selling below...

Soft Call

A call option whereby a convertible bond (CB) can be called back if the share price exceeds a specific level...

PECS

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...

Event Risk Covenant

A bond provision that requires that the bond is turned in, or redeemed, at par or at a premium in...