A bond’s conversion ratio determines how many shares an investor will get for it. Companies can force conversion of the bonds if the stock price is higher than if the bond were to be redeemed.

The terms of the bond establish its conversion ratio. That is, the bond may be convertible to four or five shares of the company’s common stock. That would be a conversion ratio of 4:1 or 5:1.

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Discover the latest stocks recommended by top ... has started converting its convertible bonds maturing in 2025, using treasury shares to fulfill the conversion. With a conversion price set ...

Corporate bonds vs. stocks. A corporate bond is a type of ... bond until expiration or convert it into shares, and its conversion ratio indicates how many shares an investor can receive for ...