This course explains the basics of equity derivatives and examines in detail some of the most popular equity derivatives, that is, convertibles
whose underlying instrument is a stock or stock index.
Like some other vehicle categories, convertibles
have grown in number in the past several years.
The co-co's are convertible
into GM stock first at 15 years and then 20, 25 and 30 years.
As far as bond funds go, convertibles
well outlegged the competition, including corporate high-yield, international, even government bond funds.
In many cases, convertibles
declined in value, while their underlying stocks increased.
There was an opportunity to raise money and a convertible
is more efficient in terms of time.
To accommodate the growing worldwide consumer demand for Saab convertibles
, Saab has increased its production at the Saab-Valmet factory in Uusikaupunki, Finland, from 12 convertibles
assembled per day (1986 production rate, when Saab virtually recreated the true four- passenger convertible
) to 40 cars per day currently.
Balance Sheet Repairs, Taking the Top Off Convertibles
,' is available on the Fitch Ratings web site at 'www.
One intriguing theory is that the rise of convertibles
is being fueled partly by certain tax advantages.
This product addresses the needs many clients have for a market neutral investment strategy and is a natural extension of our existing expertise in convertible
bond investment management.
Index and European 75 Convertible
Index (Morgan Stanley Global Convertible
Indices _ MSGCI).
While many difficulties remain, we expect that the Fed's focus on preventing a recession and investors' desire for less volatility will extend the interest in convertibles
with a renewed emphasis on quality offerings.
BridgeNews today launches an important new tool for convertible
securities professionals -- the BridgeNews Convertibles
The Wasserstein convertibles
desk is currently a co-manager for the proposed $100 million convertible
note offering for Usinternetworking, Inc.
BUSINESS WIRE)--MAY 5, 1995--Jennifer Convertibles