Convertible Securities

A convertible offering is attractive for many issuers but can be highly complex and opaque.

During the issuance process, issuers are faced with hundreds of decision items including:

• Deal size
• Structure
• Settlement method
• Syndicate
• Investor allocation
• Execution method

It is important to be aware of conflicts of interest that arise when working with investment banks on these transactions, as they serve both issuers and investors. In addition, convertibles frequently incorporate call spreads where banks act as counterparties rather than underwriters, intensifying the problem. Having an independent and experienced advisor by your side becomes even more crucial to ensure the advice you receive remains unbiased and aligned with your objectives.

ICR Capital’s Convertible and Equity Derivatives Advisory team:

• Offers candid, considerate, and comprehensive advice regarding deal execution and strategy selection for an efficient process
• Prioritizes transparency and objectivity to ensure clients are well-informed and confident in their decisions.

With ICR Capital as your partner, you can trust in our expertise and commitment to your success. We provide more precise information than any bank and help you make the right choices so that you get outstanding deal results and fortify your future capital structure.