Skip to main content
  • 310 Accesses

Abstract

Hybrid securities combine characteristics of equity and debt capital. “They usually give their holder the right to convert a debt-like instrument into common stock.” Sometimes a conversion obligation exists. Figure 11.1 illustrates the spectrum of hybrid securities according to their degree of resemblance to common stock and straight debt.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Editor information

Benjamin Kleidt

Rights and permissions

Reprints and permissions

Copyright information

© 2006 Deutscher Universitäts-Verlag|GWV Fachverlage GmbH, Wiesbaden

About this chapter

Cite this chapter

(2006). Definitions. In: Kleidt, B. (eds) The Use of Hybrid Securities. DUV. https://doi.org/10.1007/978-3-8350-9077-4_2

Download citation

Publish with us

Policies and ethics