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Convertible Bonds - An Issuer’s Guide

Posted: 23 Oct, 2013

In this guide, James Taylor and Robert Flanigan, Partners in Mayer Brown’s Capital Markets team, provide advice in respect of how to assess the merits of convertible bonds in respect of funding programmes and better understand their commercial terms, timetable and related documentation.

Against a backdrop of stable and low interest rates and growing equity market volatility, convertible bonds are becoming an increasingly attractive financing option that every corporate treasurer should have in his toolkit and every in-house Lawyer should understand. Whether advising a company which is looking to raise capital at a premium to today’s market price for its listed shares or to diversify its sources of funding without immediate dilution of existing shareholders' stakes, it is crucial to understand the legal and economic impact of these securities on a company's share capital and financing profile. In challenging equity markets, convertible bonds may offer a compelling financing solution. 

Please click on the link below to view a PDF copy of the European Edition of our Convertible Bonds – An Issuer’s Guide or you can request a hard copy. The Guide is primarily intended to assist the treasury teams and in-house Lawyers of corporate borrowers assess the merits of convertible bonds to their funding programmes and better understand their commercial terms, timetable and related documentation, but we hope that other market participants (such as underwriting banks, law firms or other financial and legal advisers) will also find it helpful. 

For further information or advice or for any feedback on the Guide, please contact James Taylor or Rob Flanigan or your usual contact at Mayer Brown. 


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