Definition
Debt that may convert into the issuer's stock under set terms.
Why it’s relevant today
Growth companies use convertibles to balance financing cost and dilution.
Why it matters
Convertibles combine credit exposure with equity upside.
Debt that may convert into the issuer's stock under set terms.
Growth companies use convertibles to balance financing cost and dilution.
Convertibles combine credit exposure with equity upside.
Discussion
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