Source Pravda.Ru

Commerzbank Predicts Bright Future For Convertible Bonds

Convertible bonds will become the most attractive instruments on international financial markets in 2002 and 2003, Dominic Huse, head of the Commerzbank's emerging markets department, said at a round table meeting on the attraction of foreign capitals to the Russian economy. In his opinion, convertible bond issuing is more attractive both for investors and issuers than traditional share and bond offers. On the one hand, coupon payments on convertible bonds are lower compared with traditional bonds, because this instrument envisages the opportunity to swap them for shares. On the other hand, such issues will significantly enlarge the range of investors. Additionally, convertible bonds are ideal instruments for carrying out mergers and takeovers. The Commerzbank official believes that there are very good conditions for the development of the convertible bond market amid the slump in share prices and low investors' "appetites" due to risks. Such Russian companies as Yukos, LUKoil and VimpelCom have already floated this type of securities.

Comments
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
Tel Aviv, Jerusalem, capitals and puppets
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russian politician says Donald Trump extremely dangerous for Russia
North Korea says Trump makes first step towards nuclear war
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Should Russian athletes go to non-Olympic Games in South Korea?
Indian Origin of Egyptian Civilization
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
Why did the USSR lose the Moon race?
US military men depressed over of Russia's new T-5000 sniper rifle
Russia to counter Boeing's Х37В with top secret MiG-41 project
Should Russian athletes go to non-Olympic Games in South Korea?
Russia to rebuild its former Soviet naval base in Syria's Tartus
Donbass without militia will be worse than Srebrenica - Putin
Putin to Sobchak: We will never let them turn Russia into another Ukraine