Redemption Options/strategies
- Soft put - can be redeemed for cash, stock or notes or a combination of all three at the company's discretion.
- Hard put - payable only in cash
- Protective put - buying a put option for the underlying bond security
- Subordinated put -
- Convertible put - convert to share by paying a charge
Read more about this topic: Convertible Bond
Famous quotes containing the words redemption and/or strategies:
“Now when these things begin to take place, stand up and raise your heads, because your redemption is drawing near.”
—Bible: New Testament, Luke 21:28.
“By intervening in the Vietnamese struggle the United States was attempting to fit its global strategies into a world of hillocks and hamlets, to reduce its majestic concerns for the containment of communism and the security of the Free World to a dimension where governments rose and fell as a result of arguments between two colonels’ wives.”
—Frances Fitzgerald (b. 1940)