Investment dictionary

HARMLESS WARRANT

Harmless Warrant: translation

A warrant that requires the holder to surrender a similar bond when purchasing a new fixed-income instrument. For the warrant to be exercisable, the two bonds must have similar terms, such as maturity, yield and principal.

Also known as a "wedding warrant."

Issuing a harmless warrant provides the debt issuer with some call protection. Under a normal warrant, bond holders might all opt to buy more instruments, drastically increasing the firm's level of debt. With a harmless warrant, the original bond must be surrendered at the time of purchase, allowing the level of debt to remain constant.

  1. harmless warrant—Harmless warrant translation Warrant that allows the user to purchase a bond only by surrendering an existing bond with similar terms. The New York Times Financial Glossa...Financial and business terms
  2. harmless warrant—harmless warrant translation warrant that allows the user to purchase a bond only by surrendering an other bond with similar terms. Bloomberg Financial Dictionaryu...Financial and business terms
  3. harmless warrant—гарантия от нанесения ущерба безвредные варранты гарантия от нанесения ущерба Гарантия от нанесения ущербаВаррант позволяющий пользователю покупать облигацию только п...Англо-русский экономический словарь
  4. harmless warrant—гарантя вд заподяння шкоди...Англо-украинский юридический словарь
  5. harmless warrant—гарантя вд заподяння шкоди...Англо-український юридичний словник