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Conversion Ratio

With respect to convertible bonds (and also convertible preferred stocks), it is the number of shares of common stock in...

Heaven-and-Hell Bond

An index-linked product (an index-linked note or bond) that is denominated and interest-payable in one currency whilst its redemption value...

Hard Call

A call option that is embedded in a convertible bond (CB) to the effect of making it unconditionally callable by...

Hard-Call Convertible Bond

A convertible bond (CB) that can be called by the issuer any time over its life (time to maturity) or...

Provisional Call Protection

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

Soft Call Protection

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

Joint-and-Several Bond

A bond that is payable to several creditors, unconnected in interest or by judgment. In other words, such a bond...

Flip Bond

A bond that pays a coupon below market floating rate but allows the issuer, thanks to an embedded Bermudan swaption,...

All-In Price

The all-inclusive price of a bond. That is, the market price of a bond or a similar fixed-income security in...

Soft Call

A call option whereby a convertible bond (CB) can be called back if the share price exceeds a specific level...