ALFDORF, Germany, June 17 /PRNewswire-FirstCall/ -- A subsidiary of TRW Automotive Holdings Corp. , TRW Automotive GmbH, today unveiled a new head protection system for convertible vehicles. It is the first system located in the seat mount rather than the door trim - designed to offer head protection...
SCOTTSDALE, Ariz. -- A pair of convertibles owned by movie and aviation mogul Howard Hughes will be auctioned for the first time at the 35th Anniversary Barrett-Jackson "World's Greatest Collector Car Event." Both convertibles are fully restored and will cross the auction block at "No Reserve" on January 21, 2006,...
Deutsche Bank's convertibles business had the third-highest revenue growth last year of its divisions, where earnings grew 88%.The German bank's equity-linked market share in Europe grew from 13.9% in 2002 to 16.4% last year as it maintained its numb Deutsche Bank's convertibles business had the third-highest...
After a winter of record snowfall and a long, chilly spring, car buyers are jumping in the seats of convertibles, eager for a chance to sit in the sun.
The paper examines a comprehensive set of private and public security issuance decisions by publicly traded companies. The market for public firms issuing private securities is large. Of the over 13,000 issues we examine, more than half are in the private market. The paper finds that asymmetric information and moral...
This paper examines a comprehensive set of private and public security issuance decisions by publicly traded companies. It studies private and public issues of debt, convertibles, and common equity securities. The market for public firms issuing private securities is large. Of the over 13,000 issues the paper examines, more than...
The objective of this study is to examine the firm's corporate financing choices with particular focus on recent innovations in mandatory convertible securities. Specifically, the paper examines under what conditions firms issue straight debt, convertible bonds, mandatory convertibles and straight equity. The paper analyzes the firm's decision from a risk...
This paper provides a structural valuation model for exchangeable convertible bonds, since such bonds are widespread by now. The model is solved through the Hopscotch finite difference method. As the issuer owns the underlying shares, exchangeable convertibles may be called and the exchange option may be exercised even as the...
This paper examines the asset class of future-priced securities, a financial innovation that can, under the right circumstances, provide a lifeline to otherwise viable companies experiencing liquidity constraints. The authors argue that the market underperformance and corporate failures frequently associated with the issuance of future-priced securities cannot in themselves be...
Why convertible bonds are such a popular financing vehicle has been a puzzling phenomenon for financial researchers. This paper examines the characteristics of convertible bonds listed on the European exchanges as well as survey managers of the issuer firms to gain some insights into this issue. The preliminary analysis shows...
Issuing convertible bonds has become a popular way of raising capital by corporations in the last few years. An important subgroup is convertibles linked to a price index or exchange rate. The valuation model of inflation-indexed (or equivalently foreign-currency) convertible bonds derived in this paper considers two sources of uncertainty...
Companies are issuing convertible bonds as a cheap source of debt and to raise future equity at better prices than the stock market allows. Investors are happily going along for the ride. As a point of argument the article shows that convertibles offer the best opportunity a lot of companies...
Al hablar de estos tres exquisitos vehículos estamos definitivamente en territorio de grandes ligas, comparando convertibles que están entre los más atractivos y deseados en estos días. Descontinuado en 1989, Porsche ha re Al hablar de estos tres exquisitos vehículos estamos definitivamente en territorio de...
Internet convertibles performed like BMW convertibles during the first half of 1999, zooming ahead 45%. That's not supposed to happen in the investment world, where convertibles are supposed to be safe and conservative, not racy. Instituti...
Warren Buffett's Berkshire Hathaway turned some heads in late May when it completed the first-ever issue of negative-coupon convertibles. But other market-watchers were left scratching theirs.
Convertibles suffer same fate as tech stock Will Amazon.com run out of cash next year? Whatever the answer, the debate has created a big problem in a small piece of the investment world: the market for convertible...
The dollar volume of outstanding convertible debt securities has grown more than 50% per year over the past five years, driven in part by issuers in search of cheap debt financing and in part by investors in search of the upside potential of a stock with the security of a...
Choose up to 5" more legroom with Economy Plus. Starting at $14.
Innovative USB Sleep'n Charge. Stylish Fusion™ finish. Ultra-portable. It's clear why the Satellite® U405 is a smart choice for you and your small business. Only from the laptop expert, Toshiba.
