Data:2009-12-12 2:34
Category: Money Tips Date: 2007-06-15
The so-called corporate bonds with warrants, a cross between hybrid between bonds and equities securities products in the bond plus warrants product portfolio, its holders within a certain period in accordance with the agreed price (exercise price) to subscribe for a certain the number of stock rights. Warrants attached to corporate debt issuance and the general issue of warrants, as including the exercise price, the right to subscribe for Gold, the exercise ratio, and the basic elements of the exercise period.
Based on corporate bonds of warrants attached to the different approaches, but also can be divided into "separation" and "non-separation-type" two "separate type" is the main form of warrants at issue, although the company and its dependence debt with the distribution to the same investment, but when the transaction is at the same time as two different products Exchange. "Non-separation-type" refers to the C of E can not be separated with the corporate debt issuance and circulation of the same survival time, the two always are one. From the international market situation, in order to "separate type" main.
