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:
“When I go into a museum and see the mummies wrapped in their linen bandages, I see that the lives of men began to need reform as long ago as when they walked the earth. I come out into the streets, and meet men who declare that the time is near at hand for the redemption of the race. But as men lived in Thebes, so do they live in Dunstable today.”
—Henry David Thoreau (1817–1862)
“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)