A hybrid security that pays a fixed return and must convert into common shares on a set date. It raises equity-like money without diluting shareholders today.
强制可转换优先股
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $19.1bn | AI's bill is now paid with borrowed money 强制可转换优先股 · 第 5 张术语卡 | Alphabet raised $19.1bn this way; Meta sold $12.5bn of it in late October. 它介于债和股之间：报表上像股（压低杠杆），经济上像债（要付固定回报），转股时稀释老股东。科技公司偏爱它，因为评级机构会把它部分算作股本。 |