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OUR BLOG

Q1 2021 Convertible Market Review

by Jake Levine | April 7, 2021 | Convertible & Call Spread, Market Review

As part of our market update series, please see the summary below of what we saw in the convertible market in Q1 2021. Pricing Results: Theoretical Value.  The first graph below shows trends in theoretical model valuation throughout the quarter — i.e., showing how much the typical ... >>>Read More

Early Adoption and Disclosure Trends for ASU 2020-06

by Kevin Castellano | April 7, 2021 | Convertible & Call Spread

The new convertible accounting rules in ASU 2020-06 will take effect in 2022.  However, companies may early adopt the rules starting in 2021.  We summarize the new accounting rules below: Summary of New Accounting Rules Bifurcating the bond into debt and equity components will no longer ... >>>Read More

October/November Convertible Market Review

by Jared Kramer | December 7, 2020 | Convertible & Call Spread, Market Review

As part of our market update series, please see the summary below of what we saw in the convertible market in October and November 2020. New Issuance. October and November 2020 saw 5 and 12 new issue convertible deals, with dollar volumes of $2.0 billion and $8.7 billion, respectively.    The ... >>>Read More

September Convertible Market Review

by Jared Kramer | October 5, 2020 | Convertible & Call Spread, Market Review

As part of our market update series, please see the summary below of what we saw in the convertible market in September 2020.  Additional details on all the deals are in the attached. Related Articles April Convertible Market Review May Convertible Market Review June ... >>>Read More

How Do Greenshoes Work in the Real World?

by Jared Kramer | September 23, 2020 | Convertible & Call Spread

A 15% greenshoe is considered market standard in the U.S. convertible bond market.  The greenshoe feature derives from the equity market, where it is also standard.  Debt markets — high yield bonds, investment grade bonds, term loans — do not use it. We provide data to help issuers ... >>>Read More

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Archives

Recent Posts

  • Early Earnings Read: Share Repurchase Authorizations Resilient amid Macro Volatility
  • Strength Amid Choppiness: Q1 2025 Convertible Market Review
  • 2024 Year-End Convertible Market Review
  • Unscheduled Market Closure – Will ASRs Be Adjusted Fairly?
  • Trends in the Call Spread Market

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