Change of control put

Securities - bonds.

A change of control put is an embedded put option, in favour of the holder, in a bond or other security.

It gives the holder of the security the right to require the issuer to redeem it, in the event of a change of control of the issuer, according to a predetermined formula.

See also

• Bond
• Change of control
• Clause
• Contract
• Embedded option
• Issuer
• Issuer call
• Law
• Make whole clause
• Penalty clause
• Provision
• Put
• Put option
• Redemption
• Security
• Spens clause
• Term