09

https://doi.org/10.22364/juzk.81.09 | 93-100 | PDF

Konvertējamās obligācijas un to civiltiesiskās apgrozības ierobežojumi

Convertible Bonds and Restrictions on Their Civil Circulation

Pauls Zeņķis, Mg. iur.
Latvijas Universitātes Juridiskās fakultātes Civiltiesisko zinātņu katedras lektors, doktorants

Summary
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.

Atslēgvārdi: konvertējamās obligācijas, parāda vērtspapīri, kapitāla vērtspapīri

Keywords: convertible bonds, debt securities, equity securities

Tiesību ierobežojumu pieļaujamība un attaisnojamība demokrātiskā tiesiskā valstī. Latvijas Universitātes 81. starptautiskās zinātniskās konferences tiesību zinātnes rakstu krājums = Admissibility and Justifiability of Restrictions of Rights in a Democratic State Governed by the Rule of Law. Article collection in legal science, the 81st international scientific conference  of the University of Latvia. Rīga: LU Akadēmiskais apgāds, 2023. 432 lpp.