The MacroTourist

The MacroTourist

THE COUPON IS NOT THE REAL COST OF A CONVERT

The 'tourist explains how underwriters can set convertible bond coupons wherever a company desires by changing other variables

Kevin Muir's avatar
Kevin Muir
Mar 08, 2024
∙ Paid

Recently, there have a been a couple of high profile convertible bond issuances, so you’ve probably seen some form of this headline:

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