An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study

 

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dc.contributor.advisor Holman, Glen en_ZA
dc.contributor.author Wormald, Simon en_ZA
dc.date.accessioned 2015-01-02T09:28:02Z
dc.date.available 2015-01-02T09:28:02Z
dc.date.issued 2013 en_ZA
dc.identifier.citation Wormald, S. 2013. An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/11058
dc.description Includes bibliographical references. en_ZA
dc.description.abstract The aim of this paper is to investigate Shoprite’s decision to issue convertible bonds despite South African firms tending to favour traditional forms of debt or equity. The paper first revisits the theory on convertible debt to consider the possible reasons for why Shoprite elected to issue convertible debt, and then develops two models, the first to quantify Shoprite’s debt capacity and cost of debt, the second to value the convertible bond issue, and quantify the benefit, if any, that convertible bonds achieved as opposed to a straight debt or equity issue. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Financial Management en_ZA
dc.title An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study en_ZA
dc.type Thesis / Dissertation en_ZA
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department Department of Finance and Tax en_ZA
dc.type.qualificationlevel Masters en_ZA
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image


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