
Chastity Bond
時間:2018-05-02 21:21:50????
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核心提示:A bond designed to prevent unwanted takeovers by having a maturity that is activated once a takeover is complete. |||The idea behind the chastity bond is that companies will be less inclined to take over a company if they know that afterward they wil
A bond designed to prevent unwanted takeovers by having a maturity that is activated once a takeover is complete.
|||The idea behind the chastity bond is that companies will be less inclined to take over a company if they know that afterward they will immediately be forced to pay bondholders.
This is similar in nature to a macaroni strategy except that the redemption prices of the bonds are not inflated - the chastity bond matures at par.
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