可转换公司债券是公司发行的一种公司债，可以转换成该发行公司的普通股票，无须等到债券到期时还本付息。

Convertible bonds are corporate bonds that one can convert into common stocks of the company which issues them rather than redeeming them for cash when they mature.

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可转换债券一般是指发行人按照法定程序发行、在一定时期内依据约定的条件可以转换成股份的公司债券。

Convertible bonds are the bonds that are issued according to legal procedure and can convert into equity of corporate under specific conditions in a period.

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证券公司发行债券适用本办法，但发行可转换公司债券的除外。

These Measures shall be applicable to the issuance of bonds by securities companies, excluding the issuance of the convertible company bonds.

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