Conversion value: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
||
| Line 1: | Line 1: | ||
''Convertible bonds''. | ''Convertible bonds''. | ||
The total current market value of the ordinary shares (or other securities) for which each convertible bond may be exchanged (at the bondholder's option). | The total current market value of the ordinary shares (or other securities) for which each convertible bond may be exchanged (at the bondholder's option). | ||
| Line 6: | Line 7: | ||
== See also == | == See also == | ||
* [[Convertible bonds]] | * [[Convertible bonds]] | ||
Revision as of 22:07, 4 August 2013
Convertible bonds.
The total current market value of the ordinary shares (or other securities) for which each convertible bond may be exchanged (at the bondholder's option).
For example, if each convertible bond may be exchanged for 40 ordinary shares, and the ordinary shares are currently trading in the market at £2 each, then the conversion value = 40 x £2 = £80.
