What it is
A CB pays interest like a bond but lets the holder convert it into newly issued shares at a fixed conversion price after a waiting period.
Terms
Filings list the conversion price, conversion window, coupon and yield to maturity, and any refixing clause that lowers the conversion price when the stock falls.
What to keep in mind
Conversion adds shares and dilutes holders, and a wave of converted shares hitting the market can weigh on the price. Compare the issue size with market cap and the conversion price with today's price.
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This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.