Glossary entry (derived from question below)
German term or phrase:
Aktienanleihe
English translation:
reverse convertible
Dec 18, 2001 13:49
22 yrs ago
3 viewers *
German term
Aktienanleihe
German to English
Bus/Financial
Investment / Securities
generic term for a bond where the issuer is entitled to deliver specified shares instead of the nominal value of the bond if the shares are trading at or below a certain price on redemption date
Proposed translations
(English)
5 +1 | reverse convertible | Ralf Lemster |
4 | stock bond | Kathi Stock |
Change log
Feb 1, 2009 19:11: Steffen Walter changed "Field (specific)" from "(none)" to "Investment / Securities"
Proposed translations
+1
4 mins
Selected
reverse convertible
A more general term would be "equity-linked bond issue", but the structure you describe is the typical RC, which is basically a straight bond plus an embedded short put option.
Contact me directly if you need more info on the structure.
Contact me directly if you need more info on the structure.
4 KudoZ points awarded for this answer.
Comment: "thanks for the fast and accurate response"
3 mins
stock bond
I would say...
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