Redemption Options/strategies
- Soft put - can be redeemed for cash, stock or notes or a combination of all three at the company's discretion.
- Hard put - payable only in cash
- Protective put - buying a put option for the underlying bond security
- Subordinated put -
- Convertible put - convert to share by paying a charge
Read more about this topic: Convertible Bond
Famous quotes containing the words redemption and/or strategies:
“Industrial societies turn their citizens into image-junkies; it is the most irresistible form of mental pollution. Poignant longings for beauty, for an end to probing below the surface, for a redemption and celebration of the body of the world. Ultimately, having an experience becomes identical with taking a photograph of it.”
—Susan Sontag (b. 1933)
“By intervening in the Vietnamese struggle the United States was attempting to fit its global strategies into a world of hillocks and hamlets, to reduce its majestic concerns for the containment of communism and the security of the Free World to a dimension where governments rose and fell as a result of arguments between two colonels’ wives.”
—Frances Fitzgerald (b. 1940)