This bond, often issued publicly, this provides investor with a fixed maturity date and conversion price. The issuer pays periodic interest until the maturity date, according to maturity date the issuer can convert the bond into equity shares at a predetermined price or redeem them from the face value.
Conclusion
Convertible bonds offer investors the potential for income and equity with in a single investment. There are types of convertible bond available, and investors should consider the pros and cons of each before deciding to invest. While convertible bonds offer reduced the downside
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