转债,全名叫做可转换债券(Convertible bond;CB)。可转债在市场上具有双重人格,当其标的股票价格上涨甚高时,可转债的股性特重,它的Delta值几乎等于1
可转债 Convertible ; Convertible notes ; DWS Invest Convertibles
可转债套利 convertible arbitrage
债转股 “shares converted from debts” ; debt-for-equity swap ; debt to equity ; debt-to-equity swap
可转换债券 Convertible bond ; convertible debenture ; Convertible Loan Stock
可转债资产交换 CB Asset Swap
应急可转债 CoCos ; contingent convertible bonds
可转债基金 Convertible Bond Fund
可转债评价暨分析系统 CBPA
将可转债转股 exchange offer
或有可转债 contingent convertible bond
上市公司再融资,即股权再融资,在我国的表现形式主要包括配股、增发、可转债以及2006年推出的可分离转债四种形式。
The refinancing of listed companies or seasoned equity offerings are comprised of rights offering, additional share issuing, convertible bonds and equity warrant bond which was introduced in 2006.
顺年中,银行家之贪者将怀动机作假。 譬如其会借债离岸公司,离岸公司遂转债佛罗里达之分摊买家(condo-buyers)。
In good times, greedy bankers would have the incentive to cheat; for example, by making loans to offshore holding companies that would then pass on the money to Florida condo-buyers.
第五章介绍了 Black-Scholes 期权定价模型, 同时运用 B-S 模型对 2003 年发行的 代表性的可转换债券——国电转债进行定价分析并与市场价格比较。
The fifth chapter introduces the Black-Scholes option pricing model, Prices one representative CB issued in 2003 and contracts the results with the market price.
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