The bonds are convertible into ordinary shares.

债券可兑换为普通股。

《牛津词典》

Elysee advisers talk instead of a "people's bond" that ordinary citizens can subscribe to, knowing-unlike with normal bonds-just what the money will go on.

爱丽舍宫的顾问们谈到这个计划时，没有说到这是普通公民可以认购的“人民债券”，而和普通债券不同，他们仿佛只知道这笔钱会用于何处。

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Citizens enthisiastically buy government bonds, because they have higher interest rates than ordinary deposits.

购买国债券，因为它比一般存款的利息高。

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One explanation is that, as bank loans begin to trade in the secondary markets like ordinary bonds, the banks themselves are less interested in preventing borrowers from imploding than when they kept the debt on their books.

ECONOMIST: Leveraged debt

Most will be ordinary bank bonds that can be converted by the regulator.

ECONOMIST: Bank bondholders

Moreover, if the money comes from the European Stability Mechanism, the EU's permanent rescue fund, it will be senior to ordinary government bonds.

ECONOMIST: Why the rescue plan for Spain is not enough