30 years: Equity capital markets
James discusses exchangeable bonds by taking a look at the Spanish construction company, ACS. He discusses the size, terms and result of this issuance.
James discusses exchangeable bonds by taking a look at the Spanish construction company, ACS. He discusses the size, terms and result of this issuance.
2 mins 27 secs
Exchangeable bonds are similar to convertibles but have some key differences including the pricing of an exchangeable being the option value.
Key learning objectives:
Define an Exchangeable bond
Learn how they are similar and different to convertibles
06:01
13:15
03:00