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LYON
A zero-coupon bond with an option to convert into shares; a zero-coupon bond with an option to convert into an interest-bearing bond at some point prior to maturity.
Zero coupon convertibles that can be converted into shares are sometimes marketed under the name liquid yield option note (LYON).
Translations
Synonyms and variations
- Liquid yield option note
- Zero coupon convertible
- Zero coupon convertible bond
- Zero coupon convertible note
- Zero coupon convertible security
- Zero-coupon convertible