# Exchangeable bond

- Canonical URL: https://www.gerhardmerk.de/exchangeable-bond-2
- Post ID: 7985
- Modified: 2023-07-25T20:59:20+00:00
- Language: en

## Definition

Special form of convertible bond. In the case of a convertible bond, the investor is granted the right to exchange it for shares in the issuer at a fixed ratio. In the case of a convertible bond - also known as an exchangeable bond - on the other hand, the issuer grants the investor the right at maturity of the bond to exchange the security for shares in another stock corporation - usually affiliated companies - at a fixed ratio instead of cash payment (bonds issued by a company that may be redeemed at the request of their holders into shares of a company other than the issuer of the bonds or in cash). - See bond, parity, pay-in-kind bond, death spiral, convertible premium, mandatory convertible bond. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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