Exchangeable bonds maker a comeback in the region

Article Abstract:

Exchangeable bonds are becoming more popular in Asia since the 1997-1998 financial crisis because they offer a low-risk way to invest in emerging companies. Bonds issued by larger, more stable companies may be converted to stock in a weaker subsidiary, or simply brought to maturity and cashed in with interest.

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When Do Firms Issue Exchangeable Debt?

这篇文章介绍了一下美国可交换债券的情况/