Provisional Call FeaturePrincipal-Protected Note - PPNPrincipalPrivate Activity Bond - PABPrivate Co

外汇网2021-06-19 20:53:34 102

A feature of a convertible issue that allows the issuer to call the issue during the non-call period if the stock reaches a certain price.

|||For example, a convertible bond may allow a provisional call if the underlying common stock trades at 150% of the conversion price for 30 consecutive days.