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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第一百五十九条记名公司债券的登记结算机构应当建立债券登记、存管、付息、兑付等相关制度。

Article 159 The registration and clearing institution of registered corporate bonds shall establish systems relating to registration and custody of bonds, interest payment, encashment, etc.

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第一百五十九条记名公司债券的登记结算机构应当建立债券登记、存管、付息、兑付等相关制度。

Article 159 The registration and clearing institution of registered corporate bonds shall establish systems relating to registration and custody of bonds, interest payment, encashment, etc.

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