Glossary entry

German term or phrase:

Aktienanleihe

English translation:

reverse convertible

Dec 18, 2001 13:49
22 yrs ago
3 viewers *
German term

Aktienanleihe

German to English Bus/Financial Investment / Securities
generic term for a bond where the issuer is entitled to deliver specified shares instead of the nominal value of the bond if the shares are trading at or below a certain price on redemption date
Proposed translations (English)
5 +1 reverse convertible
4 stock bond
Change log

Feb 1, 2009 19:11: Steffen Walter changed "Field (specific)" from "(none)" to "Investment / Securities"

Proposed translations

+1
4 mins
Selected

reverse convertible

A more general term would be "equity-linked bond issue", but the structure you describe is the typical RC, which is basically a straight bond plus an embedded short put option.

Contact me directly if you need more info on the structure.
Peer comment(s):

agree Poornima Iyengar : Sounds good to me!
18 mins
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4 KudoZ points awarded for this answer. Comment: "thanks for the fast and accurate response"
3 mins

stock bond

I would say...
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