Contingent Convertible

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Contingent Convertible

A convertible bond in which the price of the underlying stock must reach a certain level before conversion is allowed. All convertible bonds have a conversion price, that is, the price one pays in order to exchange the bonds for stocks. Contingent convertible bonds, however, have a second, higher price that the underlying stock must meet before a bondholder is allowed to convert. For example, the conversion price for a convertible bond may be $10 per share, but if the stock price is below $20 per share, the investor may not convert the bond.
References in periodicals archive ?
When Coco was pregnant with Chanel, she was bashed due to her tiny baby bump.
I am very optimistic that President Duterte, a man of action, will facilitate the immediate release and distribution of the coco levy funds in cash to alleviate the plight of the coco farmers, most of whom are among the poorest Filipinos.
Then if Francesco decides to swap football boots for designer shoes Coco Reef, on Middle Street, Consett, fits the bill.
I feel the whole idea of doing Miss Coco is born out of this total creative place that is very spiritual for me," says Leupp.
It would also create a Trust Fund Committee made up of 11 members headed by the secretaries of finance and agriculture, with majority of the membership from the coco farming sector.
Starting off the festivities with good vibes, Coco Collection is excited to offer guests unforgettable moments, and 2015 will be the beginning of new experiences to recognize the evolving needs of the discerning traveler.
Coco Collection is pleased to welcome Schaffelhuber Communications and Memac Ogilvy to the growing team of partners in a journey to become the premier luxury holiday lifestyle resort brand in the region.
This re-launch is part of Coco Collection's strategy to continuously upgrade their online presence while seamlessly connecting with clients across the globe and increasing the online visibility of Coco Collection as a leading luxury boutique hotel brand in the region.
8220;We are delighted that Coco Collection and Coco Prive Kuda Hithi Island have been honored at the World Travel Awards yet again and we thank our loyal guests and industry peers for their support towards this achievement,” comments Shafa Shabeer, Director of Marketing at Coco Collection.
To lead the marketing efforts of the group, Shafa Shabeer has been appointed as Director of Marketing for Coco Collection.
Apart from cultivating an exceptional stay by ensuring nothing but royal treatment for his guests, Paul will oversee the efficient operation of Coco Prive Kuda Hithi Island while working closely with Armand Chaudhary, the newly appointed COO of Sunland Hotels and Coco Collection.
com)-- Sunland Hotels and Coco Collection have appointed Armand Chaudhary as Chief Operating Officer to lead daily operations of the group of companies.