The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
THE COUPON IS NOT THE REAL COST OF A CONVERT

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

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Kevin Muir
Mar 08, 2024
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THE COUPON IS NOT THE REAL COST OF A CONVERT
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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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