Convertible Bonds Investment and Financing - Theory and Practice

Author: Chen Shouhong
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Features: Convertible bonds are a special type of bond that combines the dual properties of bonds and stocks. From a practical perspective, they have significant real-world application value and potential. Therefore, this book chooses them as its subject for introduction. The book focuses on explaining the practical aspects of financing and investing in convertible bonds, but it also introduces some of the foundational theories related to them. The primary motivation for writing this book was the author's own investment experience, as they have long sought an investment vehicle that, through its investment, could generate returns far exceeding market average profits with relatively low risk and a high probability over a long period. There are several other reasons for writing this book. One is that the author has encountered a considerable number of listed companies that have issued convertible bonds in practical operations. Currently, the convertible bond market has become one of the main financing tools for listed companies. Another reason is that the convertible bond market has now been ranked alongside stocks and government bonds as one of the primary investment objects in the stock market.