The issuing corporation has the right to require the owner of a convertible bond to surrender the bond for payment before the maturity date of the bond.

Question

Quizplus · Accepted Answer

Convertible bonds give the holder the right to convert the bond into a predetermined number of shares of the issuing company, not the other way around. The issuing corporation cannot force the bondholder to surrender the bond before its maturity.

The Issuing Corporation Has the Right to Require the Owner