Mixed Financial Instruments Manual

Author: Neilken (USA)
Publisher:
Publish Date: 2002-10-08
Features: Opportunities are unlimited, but the seemingly intricate puzzle can make it daunting. The "Handbook of Hybrid Financial Instruments" helps you carve a clear path through the maze. Ez Neilken has assembled an expert panel to provide in-depth analysis of many key issues that buyers and sellers need to understand to effectively use convertible securities and profit. The book first offers a general introduction to the relevant topics, then delves into detailed discussions on key terms, variations, valuation methods, the impact of convertible securities on company value after issuance, when issuers should repurchase convertible securities, the effect of repurchase terms on pricing, how to obtain the necessary data, and index and resettable convertible bonds. Finally, the book provides a very useful glossary of all key terms used in the field. For professionals seeking the latest insights from some of the world's leading experts on convertible securities, the "Handbook of Hybrid Financial Instruments" is an indispensable explanatory and analytical tool. Hybrid financial instruments or convertible securities have a. Convertible securities were initially created in 1881, and by 1929, they accounted for 40% of total debt issuance. However, by World War II, they nearly vanished from public view. Today, perhaps thanks to the recent and widely publicized financial turbulence risks, convertible securities have once again become popular, and the current market value has reached $350 billion. Compared to other investment methods, convertible securities offer low historical volatility and high historical returns, making them highly attractive to many investors. The secret to the success of hybrid financial instruments lies in their inherent flexibility. They provide investors with the flexibility of fixed-income securities while offering the opportunity to benefit from stock market gains. Their dual nature also presents specific requirements—successfully issuing such securities, profiting in transactions, and exploiting arbitrage opportunities all require specialized techniques and tools.