Case | HBS Case Collection | October 2003 (Revised December 2003)

STMicroelectronics N.V., 2003 Convertible Bond Offering

by William E. Fruhan Jr.

Abstract

Focuses on the valuation of a complex option embedded in a convertible debenture with a negative yield to maturity.

Keywords: Bonds; Valuation;

Citation:

Fruhan, William E., Jr. "STMicroelectronics N.V., 2003 Convertible Bond Offering." Harvard Business School Case 204-092, October 2003. (Revised December 2003.)