PL EN


2013 | 47 | 1 |
Article title

Obligacje zamienne – hybrydowy instrument inwestowania kapitału

Authors
Content
Title variants
Languages of publication
PL
Abstracts
PL
Brak abstraktu w języku polskim
EN
Hybrid bonds are financial instruments that occupy the space between equity capital and debt capital. Out of these bonds the most representative instrument are convertible bonds. They have characteristics resembling both shares and straight bonds. The complex structure of convertible bonds causes their marketprice to be determined in terms of three components: straight bond value, share value, and conversion option value. An important decision of the investor in the case of these bonds is their conversion into shares. It is particularly difficult with callable convertible bonds because the interests of both parties to the transaction, i.e. the investor and the issuer, come then into consideration. Convertible bonds are an important instrument of investment and a component of investment portfolios.
Year
Volume
47
Issue
1
Physical description
Dates
published
2013
online
2015-07-23
Contributors
References
  • 1. Beilner T., Weber C., „Ein Fall für Zwei”, „Die Bank“ 2008, nr 9.
  • 2. Hull J., Kontrakty terminowe i opcje, WIG -Press, Warszawa 1997
  • .
  • 3. Nelles M., Menz K., Modelle und Verfahren zur Bewertung von hybriden Industrieanleihen – Einkritischer Überblick, „Finanz Betrieb” 2007, nr 6.
  • 4. Rüβmann P., Vögte M., Hybride Anleihen, „Corporate Finance” 2010, nr 4.
  • 5. Siddiqui S., Ein finanzmathematisches Modell zur Bewertung von Wandelanleihen, „Finanz Betrieb” 1999, nr 12.
  • 6. Wiedemann A., Financial Engineering, Bankakademie -Verlag, Frankfurt am Main 2007.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.ojs-doi-10_17951_h_2013_47_1_85
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