conversion issue
offer of new bonds as older bonds expire the issue of new bonds, timed to coincide with the date of maturity of older bonds, with the intention of persuading investors to reinvest
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offer of new bonds as older bonds expire the issue of new bonds, timed to coincide with the date of maturity of older bonds, with the intention of persuading investors to reinvest
The conversion price may be set when the convertible security is issued, depending on its terms.
As often as not, when you need to calculate conversion price, it is not so much the calculation that is at issue, but observation.
However, this view is at odds with Islamic jurisprudence, which, though differing on certain issues of interpretation in relation to detail, has almost universally agreed that sukuk should be viewed as equity investments, thereby exposing the investor to ownership risk in relation to the assets they have purchased through their investment in sukuk
By Barry Cosgrave
conversion feature. The difference between this value and the issue price of the security is treated as being either an equity instrument or an embedded derivative, according to whether the company can only issue shares or whether it has the discretion to pay cash. In the former case the conversion right
By Roger Lister
Definitions of ’conversion issue’ and meaning of ’conversion issue’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’conversion issue’ and other financial terms with our online QFINANCE Financial Dictionary.