The primary issuers of convertible bonds are smaller companies with low credit scores and high risk, but are growing.

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Convertible bonds are often issued by smaller companies with lower credit ratings seeking to raise capital without paying high interest rates. These companies are typically in a growth phase but are considered higher risk. Convertible bonds offer investors the option to convert their bonds into a predetermined number of shares of the issuing company, which can be an attractive proposition if the company's stock performs well.

The Primary Issuers of Convertible Bonds Are Smaller Companies with Low