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Exchangeable Bonds

Format

EXCH:<ISSUER TICKER> <MATURITY DATE> <COUPON> <PRICE> <STRIKE> <TARGET TICKER>

Examples

Symbol
EXCH:AEGR 20190815 2.0 79.47 200.7347 NVLN

Fields

Parameter Required Description
<ISSUER TICKER> Yes Ticker for the exchangeable bond issuer (US only)
<MATURITY DATE> Yes String in YYYYMMDD format indicating the maturity date for the bond
<COUPON> Yes The coupon for the exchangeable, expressed as a percent amount
<PRICE> Yes The exchangeable price. Provided to calculate YTM
<STRIKE> Yes The exchangeable strike, expressed as the stock price of the company the bond converts to
<TARGET TICKER> Yes The ticker of the company the bond converts to
<RATING> No The bond rating in S&P syntax (e.g., AA, BBB+). Used when the issuer curve is not available or multiple ratings exist for an issuer, e.g., EXCH:AEGR 20440317 7.25 99.396 BB-