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Convertible bonds

Holders of convertible bonds normally receive interest at regular predetermined dates, or the difference between the bond's redemption value and issue price when the bonds mature. If the bondholders do not exercise their conversion rights, they are entitled to have the principal amount they subscribed for redeemed when the bonds mature. The bonds may be convertible at any time during the life of the issue, or during limited periods only. They may be converted into shares of the issuer or of other companies. On conversion, convertible bondholders receive shares free of charge in exchange for their bonds, which are then extinguished.

Taxation

"Substitutive" tax is charged at a rate of 12.50% on interest and capital gains received by private individuals and other persons qualifying as such

List of issues