30 years: Equity capital markets
James delves into mandatory convertibles and their unique structure compared to standard convertibles. He dives into Bayer’s issuance in 2016 in part of its financing of acquiring Monsanto.
James delves into mandatory convertibles and their unique structure compared to standard convertibles. He dives into Bayer’s issuance in 2016 in part of its financing of acquiring Monsanto.
3 mins 16 secs
Mandatory convertibles differ from regular convertibles as it behaves more like equity than a bond. An issuance of a mandatory shows the company is confident its share price will rise.
Key learning objectives:
Understand mandatory convertibles and how they differ from regular convertibles
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13:15
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