Convertible bonds（可轉(zhuǎn)換債券）是什么_2021年ACCA考試FM知識(shí)點(diǎn)

來源：東奧會(huì)計(jì)在線責(zé)編：楊柳2021-05-10 14:04:53

成大事不在于力量多少，而在能堅(jiān)持多久。想要順利通過ACCA考試，你就需要刻苦備考，不可松懈。下面就是小編為大家?guī)淼腇M科目的知識(shí)點(diǎn)，快來學(xué)習(xí)吧。

可轉(zhuǎn)換債券_2021年ACCA考試FM知識(shí)點(diǎn)

【內(nèi)容導(dǎo)航】

Convertible bonds 可轉(zhuǎn)換債券

【知識(shí)點(diǎn)】

Convertible bonds 可轉(zhuǎn)換債券

Convertible bonds are fixed-rate bonds. The coupon rate of interest is lower than on similar conventional bonds. They give the bond holders the right (but not an obligation) to convert their bonds at a specified future date into new equity shares of the company, at a conversion rate(轉(zhuǎn)換率) that is also specified when the bonds are issued.

The conversion value and the conversion premium

The current market value of ordinary shares into which a bond may be converted is known as the conversion value.

The conversion value will be below the value of the bond at the date of issue, but will be expected to increase as the date for conversion approaches on the assumption that a company's shares ought to increase in market value over time.

Conversion value = Conversion ratio × market price per share

Conversion premium = Current market value – current conversion value

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注：以上內(nèi)容來自Echo老師基礎(chǔ)班第23講

(本文為東奧會(huì)計(jì)在線原創(chuàng)文章，僅供考生學(xué)習(xí)使用，禁止任何形式的轉(zhuǎn)載)

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