s*******d
发帖数: 49 | 1 usually the intrument used in 'repo', the really-short-term financing you
mentioned, is treasurey bond, i.e., bond issued by US government. i guess that
corporate bond of highest rating may be also acceptable, but i highly doubt
it.
convertible or not is totally irrelevant here. | q**i
发帖数: 174 | 2 what you are looking for is convertible OID (original issue
discount). it was somewhat popular in the mid to late 80s, but
not much used now. the problem with it is that the convertible
market usually is for those wanting current income (cash
coupons) and equity upside. the oid nature of said bonds
doesn't really work for those investors.
today's convertibles are usually structured with cash coupons,
+ prepayment premium at time of call. you can however have puttable
convertible without prepayme |
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