Series 7: 2.9.4.3 Call Provisions

Taken from our Series 7 Top-off Online Guide

2.9.4.3  Call Provisions

Convertible bonds have yet another complication. They are callable by the issuer. In this case, a call requires the bondholder to either sell the bond back to the issuer or submit to a forced conversion of the bond into shares. When this happens, investors have 30 days’ notice to redeem their bonds at the redemption price, which might be at par or at a call price representing s

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