{"product_id":"handbook-of-hybrid-instruments-convertible-bonds-preferred-shares-lyons-elks-decs-and-other-mandatory-convertible-notes-9780471891147","title":"Handbook of Hybrid Instruments: Convertible Bonds  Preferred Shares  Lyons  Elks  Decs and Other Mandatory Convertible Notes","description":"\u003cp\u003eHybrid instruments - essentially bonds with an equity component - are found in a multitude of guises. This generic heading encompasses a seemingly endless array of finance instruments  including convertible bonds  mandatory convertibles  reverse convertibles  preferred shares  ELKS  DECS and LYONs  Within each one of these instruments are found a wide range of variations and features. These include reset  negative pledge  screw and forced conversion clauses  as well as step up coupons  call schedules  call options with soft and hard protection  etc   The range of possibilities can seem bewildering  but it is this very flexibility which proves a huge attraction for investors  issuers and financial institutions. On the sell side companies issue these securities and corporate service departments advise on the type of options to include in them. On the buy side  investment managers seek to build portfolios with limited risk exposure using these securities and hedge funds utilize arbitrage opportunities between the convertible bond and the common share.  The opportunities are endless but the seemingly labyrinthine complexities can prove daunting. The Handbook of Hybrid Instruments helps steer a clear path through the maze. Izzy Nelken has drawn together a team of experts to provide in-depth analysis of many o key issues that both sellers and buyers require in order to operate effectively and profitably.  A general introduction is followed by specific information on key clauses and variations  valuation methods  the impact on a firms value following the public issuance of convertibles  details on when an issuer should call a convertible and the impact of these provisions on the price  the difficult requirement of input data to make sense of the models  indexes and reset convertibles. Finally  a highly useful glossary is provided of all the key terms used in this field.  An analytical CD is also provided with the book  containing sample software of ConvB. This combines complex state of the art models with a simple  user-friendly interface to assess fair values prices and to hedge parameters of hybrid instruments.  The Handbook of Hybrid Instruments is an indispensable explanatory and analytical tool for all professionals looking for the latest thinking on convertibles from some of the worlds leading experts\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45651373097013,"sku":"ByrdShop_0471891142","price":150.24,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780471891147.jpg?v=1781834226","url":"https:\/\/atxbooks.com\/products\/handbook-of-hybrid-instruments-convertible-bonds-preferred-shares-lyons-elks-decs-and-other-mandatory-convertible-notes-9780471891147","provider":"ATX Books","version":"1.0","type":"link"}