A 15% greenshoe is considered market standard in the U.S. convertible bond market. The greenshoe feature derives from the equity market, where it is also standard. Debt markets — high yield bonds, investment grade bonds, term loans — do not use it. We provide data to help issuers ... >>>Read More
Convertible Trivia: So You Think You are a “Convert Guru”?
We all had a long summer and an “unusual” 2020 so far. So for our last post of summer, we wanted to create something fun.If you think you are well-versed in converts, take part in our convertible trivia and see if you are a “Convert Guru.” As a bonus, our detailed answers should allow you learn more ... >>>Read More
July-August Convertible Market Review
As part of our market update series, please see the summary below of what we saw in the convertible market in July and August 2020. Additional details on all the deals are in the attached. New Issuance. After a blistering $14 billion of convertible debt issued in June, July was more typically ... >>>Read More
Convertible Debt Accounting Update
In this post, we wanted to summarize the recently finalized convertible bond accounting change put out by FASB. Current AccountingUnder the current accounting framework, any bond issued where the company intends to settle the principal amount in cash and any in-the-money amount in net shares ... >>>Read More
Potential Impact of Proposed 13F Filing Changes
In 1975, the Congress passed The Securities Act Amendments of 1975. As a part of the amendments, Section 13(f) of the Securities Exchange Act of 1934 requires an institutional investment manager to file quarterly ownership reports with the SEC on File 13F within 45 days after the end of each ... >>>Read More
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