Chastity Bond

外汇网2021-06-19 20:54:05 63

A bond designed to pvent 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.

标签：

idea

complete

takeover

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Chastity Bond

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