Synthetic convertible

Synthetic convertible

Combination of usable bonds and warrants (that expire on or after the bonds' maturity) that resembles convertible bond.

Synthetic Convertible

A bond and a warrant or right that are issued separately, but are combined together to create the same effect as a convertible bond.
References in periodicals archive ?
A small allocation was to synthetic convertible securities referencing U.
To date, most offshore yuan-denominated bonds have been issued in Hong Kong, while several synthetic convertible bonds have been issued in Singapore and are likely to be issued in other international financial centres.
Assets consisted of $726 million in cash-purchased securities and $15 million in synthetic convertible securities.
Such risks and considerations may include, but are not limited to: Investment and Market Risk; Convertible Securities Risk; Management Risk, Structured and Synthetic Convertible Securities Risk; Lower Grade Securities Risk; Equity Securities Risk; Derivatives Risk; Interest Rate Risk; Leverage Risk; Anti-Takeover Provisions; Foreign Securities Risk; Foreign Currency Risk; Market Disruption Risk; Strategic Transactions Risk; Senior and Second Lien Secured Loan Risk, AMPS Risk and Illiquidity Risk.
Clarification of the discount factors for certain assets, such as restricted master limited partnership (MLP) securities, collateralized bonds, and synthetic convertible securities, among others.
Assets consisted of $739 million in cash-purchased securities and $91 million in synthetic convertible securities.
Such risks and considerations include, but are not limited to: Investment and Market Risk; Convertible and Synthetic Convertible Securities Risk; Lower Grade Securities Risk; Foreign Securities Risks; Derivatives Risk; Interest Rate Risk; Leverage Risk; Management Risk; Anti-Takeover Provisions; Strategic Transactions Risk; Market Disruption Risk; Anti-Takeover Provision Risk; Illiquidity Risk and AMPS Risk.
An investment in these Funds is subject to certain risks and other considerations, including, but are not limited to: Investment and Market Risk; Convertible and Synthetic Convertible Securities Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk, Management Risk; Anti-Takeover Provisions; Market Disruptions Risk and AMPS Risk (AGC only).
In addition the Fund is also subject, but not limited, to: Investment and Market Risk; Convertible Securities Risk; Structured and Synthetic Convertible Securities Risk; Lower Grade Securities Risk; Equity Securities Risk; Preferred Securities Risk; Derivatives Risk; Interest Rate Risk; Leverage Risk; Anti-Takeover Provisions; Foreign Securities Risk; Foreign Currency Risk; Market Disruption Risk; Risk Associated with the Fund's Covered Call Option Writing Strategy; Senior and Second Lien Secured Loan Risk, Illiquidity Risk and AMPS Risk.
Such risks and considerations include, but are not limited to: Investment Risk; Market Discount Risk; Convertible Securities Risk; Synthetic Convertible Securities Risk; Equity Securities Risk; Risks Associated with Options on Securities; Lower Grade Securities Risk; Foreign Securities Risk; Emerging Markets Risk; Interest Rate Risk; Credit Risk; Call Risk; Illiquid Investments Risk; Currency Risks; Management Risk; Strategic Transactions Risk; Inflation Risk; Anti-Takeover Provisions and Market Disruptions Risk.