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Essar Steel Limited (1993): Valuation of Euro Convertible Bonds
(2010-08-09)
Covers valuation of a foreign currency convertible bond containing embedded call and put options. Apart from issues in option valuation, the case raises issues of exchange rate and interest rate risk and highlights the ...
Aokam Perdana Berhad
(2010-08-16)
Essar Steel Limited (1994): Comparing Cost of Funds
(2010-08-16)
Apart from raising the issue of true cost of borrowing, using a complex financial instrument (with the benefit of hindsight), this case brings in the added dimension of comparison with a competitor, who achieves an apparently ...
Aokam Perdana Berhad
(2010-08-19)
When you hold put options on a convertible bond, it is considered to be a wonderful opportunity to profit from the upside potential of the underlying security while enjoying downside protection. A Singapore-based portfolio ...
Valuation model for indeterminate convertibles
(2010-03-22)
Many issues of convertible debentures in India in recent years provide for a mandatory conversion of the debentures into an unspecified number of shares at an unspecified time; the conversion ratio (i.e., the number of ...
Indian convertible bonds with unspecified terms: an empirical study
(2010-03-31)
Indian convertible bonds have two peculiar features that make them
possibly unique in the world: a) the bonds are compulsorily converted
into equity without any option, and b) the conversion terms are not
specified at ...