Abstract
The context for this article is the problem of funding through the issuing of debt associated with a call option on shares to be issued: convertible bonds and bonds with warrants. The securities studied are generally considered to be the same in the literature. The aim of this article is to propose a study of a sequential financing model that integrates one of the objective differences between these two securities, the difference observed between the cash flow sequences resulting from the issue. We will deduce the characteristics that lead companies to issue either convertibles or bonds with warrants.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
