Handbook of Hybrid Instruments

Handbook of Hybrid Instruments
Автор
 
Год
 
Страниц
 
258
ISBN
 
9780471891147
Категория
 
Книги издательства Willey

Описание:

An indispensable tool to steer readers thought the complex maze of hybrid instruments! Hybrid instruments– essentially bonds with an equity component – are found in a multitude of guises. This generic heading encompasses a seemingly endless array of financial instruments, including convertible bonds, mandatory convertibles, reverse convertibles, preferred shares, ELKS, DECS and Lyons. Within each one of these instruments are found a wide range of variations and features. These include reset, negative pledge, screw and forced conversion clauses, as well as step up coupons, call schedules, call options with soft and hard protection etc. The range of possibilities can seem bewildering, but it isthis very flexibility which proves a huge attraction for investors, issuers and financial institutions. On the sell side companies issue these securities and corporate service departments advise on the type of options to include in them. On the buy side, investment managers seek...

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