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English to Spanish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:NON-DETACHABLE WARRANTS
The Convertible Arbitrage strategy typically involves the purchase of a convertible debt or preferred equity instrument (an instrument that is effectively a bond or has a fixed obligation of repayment with an embedded equity option, non-detachable warrants or an equity-linked or equity-indexed note) concurrent with the short sale of, or a short over-the-counter (“OTC”) derivative position in, the common stock of the issuer of such debt instrument.
valores/derivativos no negociables por separado del paquete principal
A continuación verás las definiciones de "warrant" y de "detachable warrant". En base a las mismas he sugerido la traducción que antecede. El sentido de "non detachable" es que no se pueden negociar por separado, lo cual se puede hacer cuando son "detachable". Así lo entiendo.
What does it Mean? A derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue as a "sweetener" to entice investors.
Investopedia Says... The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months.
What does it Mean? A derivative that is attached to a security and gives the holder the right to purchase an underlying security at a specific price within a certain time frame. A detachable warrant is often combined with various forms of debt offerings and can be removed by the holder and sold in the secondary market separately.
Investopedia Says... Many companies choose detachable warrants when issuing bonds because it makes a debt offering more attractive and can be an effective method of raising new capital. The exposure to the right given by the detachable warrant can often gain the attention of investors who do not usually participate in the fixed-income markets.
A detachable warrant can be traded independently of the package with which it was offered, and is similar to a call option.
Nelida Kreer Uruguay Local time: 08:31 Specializes in field Native speaker of: Spanish PRO pts in category: 35