| 释义 |
High-premium convertible debenture High-premium convertible debentureA bond with a long-term, high-premium, common stock conversion feature. It also offers a competitive interest rate. This type of investment vehicle is aimed at bond investors who want to be able to convert into stock to hedge against inflation.High-Premium Convertible DebentureA convertible bond with a market price that exceeds par by a high percentage. Additionally, high-premium convertible debentures pay a relatively high coupon, and are long-term bonds. They are marketed to investors who generally invest in bonds, but wish to protect against inflation risk. |