de La Bruslerie, Hubert; Gillet, Roland - Université Paris-Dauphine (Paris IX) - 2010
Historically, most convertible bond (CB) issues have been converted to equity sooner or later. The announcement of a CB issue will bring about a future dilution of the firm's capital, and is often followed by a drop in share price. However, a CB issue by itself creates future value for the...
