Konvertējamās obligācijas un to civiltiesiskās apgrozības ierobežojumi

Abstract

A bond is a debt security, under which its issuer undertakes to repay to the bondholder the principal of the bond and the interest (the coupon) at a specified point in time, that is to be considered as the extinguishing of bonds. There are several types of bonds: bonds issued by the public sector, bonds issued by capital companies, publicly available bonds, private bonds, convertible bonds, subordinated bonds, exchangeable bonds, etc. A convertible bond is a bond that its holder is entitled to swap for the issuer’s shares within a specified term. Thus, a convertible bond is a debt security that can be converted into equities, in accordance with the conversion rules. After the conversion of convertible bonds, the holder of the bonds becomes a shareholder of the bond issuer.