Mandatory Convertible Bond
From Open Risk Manual
Definition
Mandatory Convertible Bond. Convertible bond that converts into shares at maturity regardless of the equity price
The conversion ratio at maturity reflects the equity price and par value of the bond when issued. There is also typically a second higher conversion ratio if the equity price rises above the strike during the term of the bond.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Mandatory Convertible Bond"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/Bonds/index-en.html + |
