Convertible Bonds

Convertible Bonds course overview

This course provides a comprehensive overview of convertible bonds. Students will learn the benefits, risks, types, and issue process of convertible bonds. In addition, valuation methods will be discussed, including an Excel example for students to apply their learning.

Convertible Bonds learning objectives

By the end of this course, you will be able to:

• Understand what convertible bonds (CBs) are and their various structures
• Identify the buyers of CBs, as well as the benefits and risks of investing in CBs
• Comprehend the math of CBs and understand various Greeks
• Appreciate some methods used to trade CBs for arbitrage, hedging, and indexing

Convertible Bonds is an elective course of CFI’s CMSA® program

CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to learn how to trade different asset classes. The program is completely online so you can take it at your own pace, from anywhere in the world.

Common career paths for students who take the CMSA® are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.

Who should take this CMSA® course?

This Convertible Bonds course is perfect for students who are interested in learning about the fundamentals of convertible bonds. This course is important for students looking to pursue a career in the capital markets, since convertible bonds are an important type of convertible security, issued by many firms and institutions.