Conversion price: Difference between revisions
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imported>Doug Williamson m (Spacing) |
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The specified price at which the principal or nominal value of convertible securities may be converted into the underlying shares. | The specified price at which the principal or nominal value of convertible securities may be converted into the underlying shares. | ||
For example, say the nominal value of the convertible bonds is £100, and each convertible bond may be converted into 40 ordinary shares. The conversion price = £100/40 = £2.50. | For example, say the nominal value of the convertible bonds is £100, and each convertible bond may be converted into 40 ordinary shares. The conversion price = £100/40 = £2.50. | ||
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* [[Conversion premium]] | * [[Conversion premium]] | ||
* [[Convertible bonds]] | * [[Convertible bonds]] | ||
Revision as of 22:06, 4 August 2013
The specified price at which the principal or nominal value of convertible securities may be converted into the underlying shares.
For example, say the nominal value of the convertible bonds is £100, and each convertible bond may be converted into 40 ordinary shares. The conversion price = £100/40 = £2.50.
